Workplace Class Action Payouts Unexpectedly Grew During Pandemic in 2021 January 14, 2022 The cost of settling workplace class-action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would...
‘Cybersecurity Failure’ Named a Critical Global Threat in WEF Survey Report January 13, 2022 By L.S. Howard “Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch January 13, 2022 By Susanne Sclafane The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers...
Thawing Permafrost Could Damage Up to 50% of Arctic Infrastructure: Report January 12, 2022 By Gloria Dickie Thawing permafrost could put as much as 50% of Arctic infrastructure at high risk of damage by 2050, requiring tens...
Climate Crisis Is Top Risk Facing World for Next Decade: World Economic Forum Survey January 11, 2022 By Alessandra Migliaccio There’s little faith in the global economic recovery accelerating, with officials and business leaders citing climate change and rising social...
Natural Disasters Cost Insurers $120B in 2021. Munich Re Points to Climate Change Link. January 10, 2022 Natural disasters across the globe caused economic losses of US$280 billion in 2021, of which roughly US$120 billion were insured,...
Safety Council Finds Employer Vaccine Mandates Boost Worker Vaccination Rate 20% January 7, 2022 The National Safety Council (NSC) released survey findings showing that employer vaccine requirements are driving higher vaccination rates among workers....
Global M&A to Remain Strong in 2022 as Valuations Reach Record Highs: WTW January 7, 2022 Global mergers and acquisitions activity attained historic highs in 2021 with 1047 deals valued more than $100 million, a significant...
Corporations That Fake Social Responsibility at Greater Risk of Cyber Attacks January 6, 2022 Corporations that do not take their vows to address environmental, cultural, social and political issues seriously could be putting a...
UK Personal Lines Insurers Adjust to New Pricing Rules. Is Premium Volatility Ahead? January 6, 2022 By L.S. Howard UK insurers are adjusting to new pricing rules for personal motor and household premiums, which could bring some pricing volatility...