Ida’s insurance impact likely to be boosted by pandemic pricing
Insurers are bracing for $15 billion to $30 billion in claims from Hurricane Ida, but the figure could jump higher, in part because of pandemic pricing that has pushed up the cost of lumber and labor to rebuild, insurance experts said on Monday.
Like ‘Terminator,’ high-tech cyber crime to ‘keep coming’
Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime – and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc (8630.T) said on Tuesday.
Aon’s $30 bln Willis bid set for EU okay in late June, early July – sources
Insurance broker Aon’s (AON.N) $30 billion bid for Willis Towers Watson (WLTW.O), the biggest ever in the sector, is expected to get the EU antitrust green light later this month or in early July, people familiar with the matter said.
