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Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B

Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50% of those claims,

China , Qatar , New-jersey , United-states , Munich , Bayern , Germany , Russia , Switzerland , Ukraine , Russian , Swiss

Rare Trial Over Law Firm Hack To Shed Light On Industry Risk

A trial set to start Monday in Kansas City, Missouri, will offer a rare behind-the-scenes look at one law firm's allegedly faulty response to a data breach in what experts say could serve as a wake-up call for an industry increasingly at risk of cyberattacks.

Missouri , United-states , Hiscox-insurance-co , Warden-grier , Hiscox-syndicates-ltd , Cara-salvatore , Kansas-city , Hiscox-insurance ,

Indiana theater group loses COVID case appeal in state court

The Indiana Court of Appeals on Tuesday affirmed a lower court ruling that the Indiana Repertory Theatre is not entitled to COVID19-related business interruption coverage from a unit of the Cincinnati Insurance Co.



New-york , United-states , Indiana , Ohio , Bratenahl , Cincinnati , Indianapolis , Cincinnati-insurance-co , Cincinnati-casualty-co , Us-circuit-court , Hiscox-insurance-co

Theft Insurer Must Face $5M Suit By Gambling Site Backer


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Theft Insurer Must Face $5M Suit By Gambling Site Backer
Law360 (February 18, 2021, 8:43 PM EST) -- A Minnesota federal judge ruled Thursday that Hiscox Insurance Co. cannot dodge Cumulus Investors' suit accusing it of breaching a $5 million employee theft policy, finding that Cumulus sufficiently argued it meets the policy's coverage since it established that the employees who scammed it worked for an affiliate company.
Cumulus alleges it was scammed into losing over $17 million through the thefts and forgeries of workers at GigaMedia Corp., a mahjong and poker site in which Cumulus is a major shareholder. Hiscox did not cover the millions in losses since the scam was carried out by Giga workers, who the insurer...

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