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Archive for September 2016

Fitch: U.S. Insurers Writing Cyber Coverage Totaling $1B in Premiums

About 120 U.S. insurance groups reported writing cyber coverage in 2015 totaling approximately $1 billion in direct written premiums volume, according to Fitch. Fitch aggregated the cybersecurity statutory supplement data for the U.S. property/casualty (P/C) insurance industry and analyzes the … Source: Claims Journal

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Partial Win for Amtrak Sandy Insurance Federal Appeal

Amtrak secured a partial U.S. appellate court win on Wednesday in its efforts to recoup insurance coverage after the railroad service sustained more than $1 billion in losses during Superstorm Sandy in 2012. The 2nd U.S. Circuit Court of Appeals … Source: Claims Journal

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Pilots Race to Become Licensed Drones Operators

Thousands of would-be drone pilots are racing to get licensed under new U.S. regulations that have opened an aerial stampede. More than 3,300 have signed up to take the test on Monday, the first day it’s available, and the U.S. … Source: Claims Journal

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