Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re April 18, 2022 By L.S. Howard More than 50 severe flood events around the world caused combined economic losses of $82 billion in 2021, while insured...
Lawsuit Alleges Power Line Sparked Colorado Wildfire April 18, 2022 The first lawsuit filed in connection with a wildfire that destroyed over 1,000 homes and other buildings in suburban Denver...
Business Planning Made Easy April 18, 2022 By Catherine Oak If agency owners haven’t created the annual business plan, it is not too late. It is best to take a...
California Court Rules Hospitals Can Be Responsible for Abuse by Employees April 18, 2022 A state appeals court ruled that a Southern California hospital can be held responsible for sexual abuse by an employee,...
Rates Up Again in Q1 as Signs May Point to ‘Stronger Increases’: MarketScout April 18, 2022 By Chad Hemenway During the first quarter 2022 buyers of commercial insurance saw average rate increases across all lines of 6%, according to...
D&O Loss Ratios Unchanged by Rate Hikes; Supply Disruption to Fuel Suits April 18, 2022 By Susanne Sclafane Directors and officers liability insurance premium rate hikes have not had the anticipated impacts on loss ratios that carriers had...
Supreme Court Removes an Obstacle to Malicious Prosecution Lawsuits April 18, 2022 By Andrew G. Simpson The U.S. Supreme Court on April 4 eliminated one of the hurdles facing individuals looking to sue for being falsely...
Chubb’s Greenberg on War, Ex-CAT Reporting and Insurance Profits April 18, 2022 Chubb’s 2021 annual report, published online in April 2022, contains more than the details of the best year in the...
Why Topa Made the Leap to Permanent Remote Work April 18, 2022 By Denise Pavlov Like most insurance businesses, Topa Insurance Co. (TIC) shifted to a remote workforce out of necessity in March 2020. With...
Accounts Deceivable: Email Scam Costliest Type of Cybercrime April 18, 2022 By Alan Suderman It’s a crime that siphons untold billions from the economy — but many people have never heard of it. Business...