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Commercial Insurance Prices Nearly Flat in 2Q
ARLINGTON, VA. — Commercial insurance prices in the U.S. were nearly flat in the second quarter of 2017, according to Willis Towers Watson’s “Commercial Lines Insurance Pricing Survey” (CLIPS).
Hurricane Irma Insured Loss Forecast Lowered
BOSTON — The insurance losses caused by Hurricane Irma are expected to be in the $20 billion to $40 billion range in the U.S., according to an updated projection from risk modeling firm AIR Worldwide, a unit of Verisk Analytics Inc.
Five N.E. States Reach Data Breach Settlement with Nationwide
BOSTON — Thirty-two states, including five in New England, have reached a $5.5 million settlement with Nationwide Mutual Insurance Company and its subsidiary, Allied Property & Casualty Insurance Company, over a 2012 data breach.
Risk Managers Prefer Stand-Alone Cyber Insurance
NEW YORK CITY — Risk professionals’ continued to have confidence in stand-alone cyber insurance policies as the number of practitioners who purchased the coverage increased moderately this year, according to the Risk Management Society.
Ransomware Attacks Up 50%, Finds Beazley
 Ransomware attacks continued to escalate in the first half of 2017, up by 50% over the first half of 2016. 
CID Recovers $4M for Consumers in First Half of 2017

HARTFORD, CONN.-- The Connecticut Insurance Department recovered $4 million for Connecticut consumers and taxpayers in the first six months of 2017, according to Insurance Commissioner Katharine Wade. Read More