More than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of...
Time-Tested Loss Reserving Methods Challenged: AM Best
Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the...
Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the...
Article / 7 days ago
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData
The 7.2 magnitude earthquake that struck Taiwan's east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and...
The 7.2 magnitude earthquake that struck Taiwan's east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and...
Article / 19 days ago
Dutch Court Hears Shell's Appeal Against Landmark Climate Ruling
A Dutch court will on Tuesday hear Shell's appeal against a landmark climate ruling which ordered it to drastically deepen planned greenhouse gas emission cuts....
A Dutch court will on Tuesday hear Shell's appeal against a landmark climate ruling which ordered it to drastically deepen planned greenhouse gas emission cuts....
Article / 23 days ago
Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy
It's very early in the recovery process and already the numbers are large....
It's very early in the recovery process and already the numbers are large....
Article / 23 days ago
5th Circuit: Chubb Must Cover SXSW in Suit Over Cancelled 2020 Festival
The 5th Circuit Court of Appeals ruled last week that Chubb must cover restitution claims paid to ticket holders of the 2020 South by Southwest film...
The 5th Circuit Court of Appeals ruled last week that Chubb must cover restitution claims paid to ticket holders of the 2020 South by Southwest film...
Article / 27 days ago
Baltimore Bridge May Trigger Historic Marine Loss, Says Lloyd's of London
Insurance payouts for the Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to...
Insurance payouts for the Tuesday's collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to...
Article / 28 days ago
J.D. Power: Homeowners Insurance Customer Satisfaction at 7-Year Low
With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the...
With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the...
Article / 1 month ago
Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation
Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just...
Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just...
Article / 1 month ago
Six Charged in Alleged $1M Auto Insurance Claims Scheme in Massachusetts
Six people have been indicted in connection with the alleged filing of fraudulent insurance claims through their auto body repair business in Everett...
Six people have been indicted in connection with the alleged filing of fraudulent insurance claims through their auto body repair business in Everett...
Article / 2 months ago
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a...
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a...
Article / 2 months ago