Global Insurance Prices Continue to Stabilize in Q3 as US Cyber Premiums Drop: Marsh November 20, 2023 Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to...
SEC Sues SolarWinds for Concealing Risks Before Massive Hack November 20, 2023 By Chris Prentice, Jonathan Stempel and Raphael Satter The U.S. Securities and Exchange Commission on October 30 sued software company SolarWinds Corp. and its top information security executive,...
Texas Court: Immunity Doesn’t Protect Local Governments From Administrative Penalties November 20, 2023 By Jim Sams Political subdivisions in Texas can’t use governmental immunity to evade administrative penalties for failing to timely pay workers’ compensation benefits,...
Farmers, USAA Lead Pack in Hiking Homeowners Insurance Rates in 2023: S&P November 6, 2023 Farmers Insurance Group of Cos. and United Services Automobile Association (USAA) have increased homeowners insurance rates by nearly 15% each...
Riding the Waves: Economic Cycles in Insurance November 6, 2023 By Brad Nevins The insurance industry, like any other, experiences economic cycles that can significantly impact growth. These cycles are often a reflection...
Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s November 6, 2023 A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global...
Agency E&O Buyers Report Fewer Price Hikes But Overall Premiums Still Up November 6, 2023 By Andrea Wells Fewer agencies reported increases in premium on their agency errors and omissions renewal policies from 2022 to 2023, according to...
Insured Losses From Severe Convective Storms in US Top $50B for 1st Time: Aon Report November 6, 2023 By L.S. Howard Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50...
The Driving Force Behind Success Is a Motivated and Engaged Team: Energy Insurance November 6, 2023 By Jahna Jacobson At Energy Insurance Agency in Lexington, Kentucky, creating a great place to work is at the core of the agency’s...
Why Climate Resiliency Should Be a Shared Priority November 6, 2023 By David A. Sampson The number of record-breaking statistics related to natural disasters in recent years is eye-opening to the impact of climate change...