'There is no doubt that climate change increases volatility, frequency and also severity,' says senior di...
Global property insurers see 'alarming' losses as risk models lag, report says - Reuters
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
Global property and casualty insurers showed "alarming" underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report from consultants Capgemini said on Wednesday.
reuters.com /
Article / 6 days ago
Reinsurance Market Dynamics: April 2024
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Report / 7 days ago
Bridge collapse could spur waves of coverage litigation
Coverage disputes stemming from the March 26 collapse of the Francis Scott Key Bridge in Baltimore after it was hit by the container ship Dali will come in waves, legal experts say, with...
Coverage disputes stemming from the March 26 collapse of the Francis Scott Key Bridge in Baltimore after it was hit by the container ship Dali will come in waves, legal experts say, with...
Article / 21 days ago
Roosevelt Road Re and Tradesman file RICO suit over alleged fraudulent WC claims
Roosevelt Road Re and its affiliate Tradesman Program Managers have filed a Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit to recover funds...
Roosevelt Road Re and its affiliate Tradesman Program Managers have filed a Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit to recover funds...
Article / 1 month ago
Abuse victim can seek $120M from Boy Scouts' insurers
A federal bankruptcy judge in Delaware ruled Monday a sexual abuse victim can proceed with his suit seeking $120 million from three insurers for the Boy Scouts of America, finding he was not...
A federal bankruptcy judge in Delaware ruled Monday a sexual abuse victim can proceed with his suit seeking $120 million from three insurers for the Boy Scouts of America, finding he was not...
Article / 1 month ago
Insurer implications of landmark sexual abuse case ruling
A recent Tasmanian Supreme Court decision is a positive step for sexual abuse survivors but could contribute to increasing the number and cost of sexual abuse claims faced by Australia's...
A recent Tasmanian Supreme Court decision is a positive step for sexual abuse survivors but could contribute to increasing the number and cost of sexual abuse claims faced by Australia's...
Article / 1 month ago
AI regulation to shake up liability insurance
Developments in AI and related regulation will require an overhaul of liability insurance policies and the creation of new AI-specific coverages...
Developments in AI and related regulation will require an overhaul of liability insurance policies and the creation of new AI-specific coverages...
Article / 1 month ago
Texas wildfires: 500+ structures destroyed. $356m residential exposure. Utility sued
Wildfires continue to burn across Texas, the largest of which has burned over one million acres alone and is only 15% contained, while officials said at...
Wildfires continue to burn across Texas, the largest of which has burned over one million acres alone and is only 15% contained, while officials said at...
Article / 2 months ago
Landmark opioid case wrestles with who defends among multiple insurers - Canadian Underwriter
When multiple commercial insurers are on the hook consecutively for long-tail claims spanning decades, defence...
When multiple commercial insurers are on the hook consecutively for long-tail claims spanning decades, defence...
canadianunderwriter.ca /
Article / 2 months ago
Southern California Edison will pay $80M to settle claims its equipment sparked 2017 wildfire - AP News
Southern California Edison will pay $80 million to settle claims on behalf of the U.S. Forest Service connected to a massive wildfire that destroyed...
Southern California Edison will pay $80 million to settle claims on behalf of the U.S. Forest Service connected to a massive wildfire that destroyed...
apnews.com /
Article / 2 months ago
