In addition to having to ride the waves of the current business environment, the firm could also face hig...
Beazley flags $602mn 1-in-250-year cyber cat loss under new probabilistic risk approach
Lloyd's largest insurer Beazley has disclosed a probabilistic loss of $602mn for a 1-in-250-year cyber event – 15 percent higher than its $524mn loss estimate for a...
Lloyd's largest insurer Beazley has disclosed a probabilistic loss of $602mn for a 1-in-250-year cyber event – 15 percent higher than its $524mn loss estimate for a...
Article / 23 hours ago
Weekly Cat Report December 1, 2023
Storm Bettina rapidly intensified over the Black Sea on November 26-27, resulting in casualties and notable material damage...
Storm Bettina rapidly intensified over the Black Sea on November 26-27, resulting in casualties and notable material damage...
Article / 1 day ago
Perspectives: Understanding attorney fee-shifting to mitigate exposures
The availability of attorneys fees is a significant concern to policyholders. Without the potential to recover the fees, most dubious claims and suits related...
The availability of attorneys fees is a significant concern to policyholders. Without the potential to recover the fees, most dubious claims and suits related...
Article / 1 day ago
Insurers warned as only one in three subsidence claims found to be genuine
'The insurance market needs to radically rethink how it approaches this complex area of claims and fast,' says head of subsidence...
'The insurance market needs to radically rethink how it approaches this complex area of claims and fast,' says head of subsidence...
Article / 2 days ago
BMS Tropical Update 11/30/2023
Plenty of seasonal reviews are being posted on the 2023 Atlantic hurricane season....
Plenty of seasonal reviews are being posted on the 2023 Atlantic hurricane season....
PR / 2 days ago
Fire and water damage loss trends are driving more property risks to the E&S market
In recent years, there's been a noticeable migration of property risks to the E&S market, driven by higher premiums, stricter underwriting guidelines...
In recent years, there's been a noticeable migration of property risks to the E&S market, driven by higher premiums, stricter underwriting guidelines...
Article / 3 days ago
Nevada insurers deny more than half of vaccine injury comp claims
Of the 29 claims filed by workers who say they were injured by vaccines from March 2020 through October 2023, 16 were denied by insurers, according to...
Of the 29 claims filed by workers who say they were injured by vaccines from March 2020 through October 2023, 16 were denied by insurers, according to...
Article / 3 days ago
Claim severity surges for California's largest homeowner insurers
California's largest homeowner insurers are reporting a surge in non-catastrophe claim severity as they seek to substantially increase their rates....
California's largest homeowner insurers are reporting a surge in non-catastrophe claim severity as they seek to substantially increase their rates....
Article / 3 days ago
Tokio Marine “cannot run away from” natural catastrophe risk, chief executive says
Global natural disasters have consistently exceeded $100 billion in recent years...
Global natural disasters have consistently exceeded $100 billion in recent years...
Article / 3 days ago
A Deep Dive on Bad Faith - CLM
Avoiding charges of unfair claim settlement practices on third-party liability claims...
Avoiding charges of unfair claim settlement practices on third-party liability claims...
theclm.org /
Article / 4 days ago
