Cyber capacity booming but insurers increasing scrutiny: MarshMarsh has revealed that higher demand for cyber insurance is not leading to higher pricing, with rates down by 0.6 percent for the coverage in the fourth quarter.
SoCal Edison paid $121mn for $300mn Berkshire back-up coverThe hard market for California wildfire insurance drove loss-struck SoCal Edison (SCE) to turn to Berkshire Hathaway as a reinsurer of last resort to replenish coverage in the immediate aftermath of the December 2017 Thomas Fire.