Business Insurance - Web News en-us Sun, 29 May 2016 06:06:09 EST 10 Prospect of catastrophic cyber attack triggers interest in insurance backstop 20160529/NEWS06/306059995 Opinions differ on whether the time has come to establish a federal backstop that would respond to losses caused by catastrophic cyber attacks similar to the U.S. facility that backstops terrorism losses. Sun, 29 May 2016 00:01:00 EST Modeling firms take first look at cyber risks 20160529/NEWS06/306059996 As cyber attacks have proliferated and morphed, so have efforts to model the rapidly evolving risk. Sun, 29 May 2016 00:01:00 EST Cyber insurance rates moderate 20160529/NEWS06/306059997 The cyber insurance market is generally buyer-friendly with competitive rates and plentiful capacity as new insurers enter the market. Sun, 29 May 2016 00:01:00 EST Capital pours in as insurers eye potential for growth 20160529/NEWS06/306059998 More capital is coming into the cyber insurance market, experts say. Sun, 29 May 2016 00:01:00 EST Pervasive nature of cyber risk worries insurers 20160529/NEWS06/306059999 Insurers are keeping an eye on their risk aggregations when it comes to cyber coverage. Sun, 29 May 2016 00:01:00 EST Supreme Court ruling on timing of litigation could open employers to lawsuits 20160527/NEWS06/160529815 "Bright line" ruling extends time under which an employee can workers file a discrimination complaint under Title VII of the Civil Rights Act of 1964 Fri, 27 May 2016 14:23:18 EST High court rules real damage needed for class action to proceed 20160527/NEWS06/160529816 U.S. Supreme Court finds lack of concrete injury in suit alleging "people search engine" contained inaccurate information. Fri, 27 May 2016 14:11:22 EST Anonymous U.K. cyber database faces misgivings 20160527/NEWS06/160529818 Even if the incidents were kept under wraps, insurers are skeptical of this approach to pricing risk. Fri, 27 May 2016 13:50:00 EST Low investment income leads to decline in insurer profits 20160527/NEWS06/160529819 Property/casualty insurers see net income fall 24% in first quarter from a year earlier. Fri, 27 May 2016 13:16:34 EST Reinsurance uptake greater in catastrophe-prone regions 20160527/NEWS06/160529820 Insurers in regions that are susceptible to large natural catastrophes buy more reinsurance than those where catastrophes are less likely, says the Federal Reserve Bank of Chicago. Fri, 27 May 2016 12:27:27 EST