article thumbnail

Markets/Coverages: Liberty Specialty Markets, Baobab Offer E-Crime Cover for SMEs

Insurance Journal

Liberty Specialty Markets (LSM), a division of the US Liberty Mutual Group, and Baobab Insurance, a digital underwriter of technical risks, are offering a new joint e-crime insurance product for small and medium-sized enterprises (SME) in Germany and Austria. LSM …

Crime 147
article thumbnail

Sweden Seizes Ship Suspected of Sabotage in Baltic Sea

Insurance Journal

The Security Service said it’s conducting a preliminary investigation into the crime … Sweden detained a vessel suspected of damaging a subsea data cable connecting it with Latvia, the third such incident in the Baltic Sea in the past three months.

Crime 269
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Justice Deptartment Launches Whistleblower Program Aimed at Corporate Crime

Insurance Journal

Justice Department on Aug. 1 debuted its first-ever whistleblower program offering monetary awards to tipsters who report certain types of corporate misconduct, an effort designed to ratchet up the pressure on companies who face allegations of wrongdoing. The …

Crime 278
article thumbnail

Italian Prosecutors Accuse 7 People, 2 Firms Over Flawed Boeing Plane Parts

Insurance Journal

Italian prosecutors on Saturday accused seven people and two sub-contractors of crimes including fraud and breaching airplane safety rules following an investigation into suspected flawed parts produced by an Italian company for Boeing. The prosecutors launched their investigation in late …

Crime 255
article thumbnail

Buying Blocks of Flats Insurance in London: Key Risks and Costs

Property Insurance Centre

Buying Blocks of Flats Insurance in London: Key Risks and Costs When it comes to buying blocks of flats insurance in London, the market is becoming more complex for a number of reasons. Many insurers require more detailed valuations and risk assessments due to the higher sums insured.

Risk 52
article thumbnail

How Insurance Carriers Use Crime Scores to Assess Risk in the Affordable Housing Industry

Scott Insurance

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. This research addresses one main question: Do crime scores accurately predict property-specific crime risk?

Crime 52
article thumbnail

RIMS TechRisk/RiskTech: Opportunities and Risks of AI

Risk Management Monitor

Ramesh Srinivasan gave a keynote titled “The Opportunities and Downside Risks of Using AI,” touching on the key flashpoints of current technological advancement, and what they mean for risk management. He noted that as data storage has become far cheaper, and computation quicker, this has allowed risk assessment technology to improve.

Risk 75