by Elizabeth Ferguson | December 19, 2016 | Casualty, Construction, Cyber & Technology, Energy, Environment, Financial & Executive Risk, Healthcare, Insurance Market, Mergers & Acquisitions, Property, Real Estate, Surety, Transportation, transportation market, Uncategorized, Workers' Compensation
It’s still a buyer’s market in commercial insurance. Major changes have created strong competition, ample capacity and lower prices during the past several years. Lockton’s December 2016 P&C Market Update states that the competitive landscape continues, as...
by Don Glazier | September 19, 2016 | Cyber & Technology, Financial & Executive Risk, Uncategorized
Banks, insurance companies and other financial service companies licensed or chartered by the state of New York will likely soon face increased cybersecurity requirements. Two years in the making, New York’s Governor Cuomo announced proposed cybersecurity...
by Elizabeth Ferguson | February 29, 2016 | Bermuda Markets, Casualty, Construction, Cyber & Technology, Energy, Environment, Property, Real Estate
Lockton has released its March 2016 P&C Market Update, and the US property and casualty insurance market continues to be highly competitive. However, this could be impacted in the future by changes with some major market players. Mergers, reorganizations, and...
by Laurie Schwarz and Jeff Schermerhorn | December 29, 2015 | Cyber & Technology
From the risk, regulation, and insurance perspective of cyber, we review the key moments in 2015, while forecasting possible events in 2016. 2015: The year Cyber went mainstream. This holiday season when we sit down with family and friends and they ask about work and...
by Laurie Schwarz | December 22, 2015 | Cyber & Technology, Financial & Executive Risk, Uncategorized
Recently, the New York Department of Financial Services sent a letter to federal and state financial regulators outlining the potential for Financial Services Cyber Security Regulation requirements. The intent is for the proposed cyber security regulation to apply to...
by Ben Beeson | December 7, 2015 | Cyber & Technology
No doubt a few eyebrows were raised in the boardrooms of insurance companies and brokers globally following a briefing note released on Nov. 30 by security ratings agency AM Best. Quantifying cyber risk remains a major challenge to the industry but AM Best’s research...
