Coal, oil sands companies feel growing insurance squeeze eenews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eenews.net Daily Mail and Mail on Sunday newspapers.
Insure Our Future Campaign Welcomes Chubb's Tar Sands Exit - Oil Change International priceofoil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from priceofoil.org Daily Mail and Mail on Sunday newspapers.
Cyber Insurance Rates Fail to Match Catastrophe Risk-Chubb CEO July 30, 2021
Rising prices of insurance against cyber attacks fail to take account of the potential catastrophic effects of a widespread attack, Chubb Ltd. Chief Executive Evan Greenberg said on Wednesday.
“The pricing environment is pretty good,” Greenberg said on a conference call. “But … that is not addressing by itself the fundamental issue…. Like pandemic, cyber has a catastrophe profile to it.”
With increasing digital interconnection in the world, the concentrations of exposure were only growing, Greenberg said.
Chubb’s underwriting activities are also exposed to systemic risks arising from cyber threats, Greenberg said, adding that the company is beginning to address it.
Chubb CEO Greenberg Stresses Need to Address Ransomware and 'Systemic' Cyber Risk insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
Cyber insurance rates fail to match catastrophe risk- Chubb CEO zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.