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Most Emailed Specialty Risks News

Home Depot has $105M in cyber insurance for data breach, $10M from AIG: Sources

Published September 12, 2014 CST

Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured retention, market sources say.

Virtual workers can improve companies' productivity: MarketScout speaker

Published September 09, 2014 CST

DALLAS — Leveraging technology and creating new work paradigms is one way to infuse an entrepreneurial spirit in even the largest established insurers and reinsurers, according to Eric Smith, president and CEO of Swiss Re Americas.

Missouri Supreme Court strikes down state cap on punitive damages

Published September 11, 2014 CST

The Missouri Supreme Court has struck down the state’s cap on punitive damages, ruling unanimously in the case of a woman misled by an auto dealership in buying a car that the cap violates citizens’ right to a jury trial.

California law guarantees workers three paid sick days a year

Published September 10, 2014 CST

California Gov. Jerry Brown signed into law Wednesday legislation that provides California workers with up to 24 hours or three days of paid sick leave per year.

Willis names former Marsh exec Scott Hull as head of surety

Published September 15, 2014 CST

Willis Group Holdings P.L.C. has named former Marsh L.L.C. executive Scott Hull as executive vice president and head of surety.

Home Depot has $105 million in cyber insurance to cover data breach

Published September 14, 2014 CST

Home Depot Inc. has a total of $105 million in cyber coverage, with American International Group Inc. providing the first layer of $10 million of primary coverage above its self-insured retention, market sources say.

Surety bond sector strengthens on rebounding construction industry

Published August 31, 2014 CST

The surety bond sector looks to register its second consecutive year of growth, led by the private construction sector as the economy slowly improves.

Data breaches bring litigation related to directors and officers liability

Published June 08, 2014 CST

When a company gets hit by a major data breach, the business, its leaders and its board members should be prepared for directors and officers liability related litigation that is certain to follow.