Fitch placed ProAssurance ratings on negative watch following the announcement of the acquisition, noting concerns about the medical professional liability space.
Hurricane season is drawing to a close and wildfires in California are dwindling. But now another “storm” with massive potential impact is gaining strength, and starting to wreak havoc on insurers’ bottom lines.
Regulatory change and worries about business continuity losses propelled a 10-point increase last year in the proportion of companies buying cyber insurance.