Security risk

The former Zurich exec replaces John Foley.

Tony Kuczinski, President and CEO of Munich Re America, takes over duties in the short term.

Alan Schnitzer, 49, who leads Travelers’ business-and- international insurance segment, will become CEO Dec. 1.

The NAIC’s recent and startlingly rapid moves towards a cyber regulatory doctrine are evidence of the importance and vulnerability of cyberspace.

In a draft document, regulators propose 12 rights for policyholders around cybersecurity.

Adversaries are becoming more sophisticated not only in their approaches to launching attacks, but also in evading detection.

Updates aim to boost authentication while protecting the operating system and underlying PC from malware.

Mo Tooker will oversee underwriting across small commercial, middle market, large commercial and personal lines segments and will lead the development of the company’s underwriting approach for new markets and growth areas, The Hartford said.

Allen Reichman, 54, and three others scammed Oklahoma regulators in the $37.5 million leveraged buyout of Providence Property & Casualty Insurance Co., according to prosecutors.

The auto service, maintenance and repair technology company intends to introduce Identifix to international markets and roll it into the Digital Garage mobile app.

The NAIC Executive (EX) Committee recently established the Cybersecurity (EX) Task Force to act as a focus point for cybersecurity insurance regulatory activities. The message is clear: there will be regulatory pressure to do something around cybersecurity.

The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for Solvency II.

Having a set of vendor-specific questions and expectations can assist in selecting the best vendor for your company.

The companies' complementary, rather than competitive, risk management practices can leverage technology to get a clearer picture of risk for insurance carrier clients.

XL Catlin's newest breach response partners include computer forensics services providers and law firms.

Optimizing reinsurance cost is important to mid-market P&C insurers with growth ambitions. Tom Brock, AVP for Motorists Insurance, explains how the company tacked the challenge head on.

California was home to seven of the top 10 hot spots.

Cigna CEO David Cordani says Anthem's Joseph Swedish hasn’t been able to handle problems at the insurer, like a large data breach by hackers in February, which is holding up a potential deal.

The perception among insurance company employees is that tech spending is rising rapidly, and regulation is driving strategic decisions.

Insurance analytics provider and connected-car technology company endeavor to expand insurers’ use of risk scoring.