Tag: Lloyd’s of London

Climate change is proving unsettling for insurance agents

Julie Campbell
Climate Change Insurance agents Industry

Lloyd’s of London has revealed that it is starting to look into potential catastrophes from the new reality. Lloyd’s of London has just released a document that is rather unsettling to insurance agents in the way that it has shown that it is currently exploring potential apocalyptic disasters that could result from the impact of climate change on the current structure of the world. The report detailed the way that there could essentially be a worldwide meltdown from a food supply chain failure. This was far from the type of…

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Bitcoin companies are beginning to rely on the insurance industry

S.Vagus
Bitcoin insurance industry news

Insurance industry is playing a larger role in the world of digital currencies Lloyd’s of London has released a new report that highlights the risks associated with digital currency, particularly Bitcoin. These currencies are becoming more common throughout the world, being used to purchase products online. In the case of Bitcoin, volatility is a very serious concern, as the value of a single Bitcoin fluctuates wildly on a regular basis. The report from Lloyd’s of London is meant to shed some insight on the risks associated with insuring businesses based…

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Cyber insurance is becoming more common

S.Vagus
Cyber Insurance policies commissioners industry

ABI predicts that the cyber insurance market will become more common in the coming decade Cyber insurance coverage may become the new normal in 10 years’ time. The Association of British Insurers (ABI) has claimed that cyber insurance products will become significantly more common in the United Kingdom and elsewhere by 2025. In early March, a report from Marsh and the UK government showed that only 2% of large businesses in the UK have cyber coverage. This may be a costly problem for these businesses as they face significant risks…

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Oregon purchases more wildfire insurance

S.Vagus
wildfire insurance

Oregon has purchased wildfire insurance to protect against the dry season Oregon is preparing to handle its dry season with the purchase of wildfire insurance. This type of insurance coverage is meant to protect the state from the onslaught of wildfires that could emerge in the state due to dry conditions. The insurance is meant to help cover the costs associated with these disasters, reducing the state’s financial exposure and providing it with some breathing room when it comes to recovery. Insurance policy from Lloyd’s of London will provide $25…

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Cyber insurance market is showing signs of healthy growth

Marc
Cyber Insurance Coverage

Lloyd’s of London notes that more activity is being seen in the cyber insurance market Several high-profile cyber attacks on large companies have spurred more activity in the cyber insurance market, according to reports from Lloyd’s of London. The insurance company notes that claims in the cyber market have rose by 50% for the first three months of this year. More companies are becoming concerned with the digital risks that they face. These risks could result in serious financial damage, which insurance coverage may be able to mitigate, if policies…

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