Business Insurance is the leading source of news, information and data on risk management, workers compensation and commercial insurance. Business Insurance publishes a monthly magazine, online news and content, special research reports, exclusive industry rankings and data, as well as events and awards.

Viewpoint: A ransomware minefield

Targeted ransomware attacks on two Las Vegas casino operators generated compelling headlines last month and signaled that the recent acceleration in cyberattacks appears to be here to stay — at...
Targeted ransomware attacks on two Las Vegas casino operators generated compelling headlines last month and signaled that the recent acceleration in cyberattacks appears to be here to stay — at...
Article / 14 hours ago

Supreme Court to hear case on limits to copyright damages

) — The U.S. Supreme Court Friday agreed to clarify the time period for which plaintiffs can recover damages over copyright claims in a case involving a Miami music producer who sued Warner...
) — The U.S. Supreme Court Friday agreed to clarify the time period for which plaintiffs can recover damages over copyright claims in a case involving a Miami music producer who sued Warner...
Article / 1 day ago

Tower renews reinsurance program with lowered upper limit

New Zealand-based insurer Tower Ltd. has renewed its reinsurance program for the 2024 financial year, cutting its catastrophe upper limit to $750 million New Zealand ($452 million), Artemis reported....
New Zealand-based insurer Tower Ltd. has renewed its reinsurance program for the 2024 financial year, cutting its catastrophe upper limit to $750 million New Zealand ($452 million), Artemis reported....
Article / 1 day ago

Helios Underwriting turns profitable

U.K.-based Helios Underwriting PLC’s pre-tax profit totaled £6.3 million ($7.7 million) in the first half of the year, swinging from a loss of £2.8 million a year earlier, MarketScreener reported citing...
U.K.-based Helios Underwriting PLC’s pre-tax profit totaled £6.3 million ($7.7 million) in the first half of the year, swinging from a loss of £2.8 million a year earlier, MarketScreener reported citing...
Article / 1 day ago

Internal probes uncover price-fixing by insurers

Japanese casualty insurers Tokio Marine & Nichido Fire Insurance Co., Aioi Nissay Dowa Insurance Co., Mitsui Sumitomo Insurance Co., and Sompo Japan Insurance Inc. likely violated the antitrust...
Japanese casualty insurers Tokio Marine & Nichido Fire Insurance Co., Aioi Nissay Dowa Insurance Co., Mitsui Sumitomo Insurance Co., and Sompo Japan Insurance Inc. likely violated the antitrust...
Article / 1 day ago

Albemarle to pay more than $218 million to settle bribery probe

) — Albemarle Corp. will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple...
) — Albemarle Corp. will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple...
Article / 1 day ago

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