A regional US retail insurance broker has claimed that it had "no expertise" procuring cyber insurance coverage in the face of allegations it negligently secured limits well below the $3mn demanded.
A further four alleged victims have come forward in a string of suits against actor and comedian Bill Cosby, who is facing allegations of rape dating back 40 years.
In an unusual move, four of the largest reinsurance brokers have waded into an appeals court case to ask judges to overturn a decision in a dispute between a legacy carrier and its reinsurer.
Insurers fighting an increasingly bitter $100mn trial with a Greek ship owner accused of scuttling his own ship have alleged that their lawyers' computers were hacked.
Business interruption (BI) losses in the energy sector often outpace property claims, with the typical payout amounting to two or three times the cost of repairing underlying damage, a new report from Marsh has warned.
The sustained and perilously low global price for oil could lead to an increase in energy losses as suppliers cut back on health and safety spending, a new report from Marsh has warned.
