Lower fuel prices have put more people on the road, spurring more claims to Allstate and a deteriorating underlying combined ratio a measure of the insurers profitability.
Carl Icahn, the activist investor calling for a breakup of AIG, said the alternative plan presented last week by the insurers CEO was inadequate and that hes assembling a slate of directors to shake up the company.
Organizations in a number of industries including hospitality, real estate, sports, entertainment and airlines may face direct exposures if people begin canceling travel plans or if employees become infected.
By understanding the most common reasons Cyber claims are likely to be denied, agents and brokers will be better prepared to help policyholders get their claims successfully resolved.