Mobility Sector Will Need New Insurance Products to Continue to Grow: Marsh October 18, 2021 For the sharing economy and mobility sectors to continue to grow, they will need new forms of insurance, including programs...
Canary Islands’ Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils October 18, 2021 The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of...
Workers’ Compensation Insurers Find That as Opioid Cost Slows, Marijuana Grows October 15, 2021 By Jim Sams Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are...
Reinsurer Natural Disaster Losses to Exceed Budget Expectations for 5th Year: S&P October 15, 2021 For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget...
Aon Projects Health Costs for Large Companies to Rise 5% in 2022 October 14, 2021 Costs for large U.S. employers that pay for their employees’ medical care will increase on average five percent to more...
Biz Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report October 14, 2021 By L.S. Howard During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published...
What Corporations Can Do to Avoid Ransomware Attacks October 14, 2021 Allianz Global Corporate & Specialty (AGCS) has published a checklist of cyber risk management recommendations to help prevent ransomware attacks....
Vulnerable to Climate Change, England Must ‘Adapt or Die’, Agency Warns October 14, 2021 England will be hit hard by floods like those that devastated Germany this summer if the country does not improve...
Top 10 P/C Insurance Market Conduct Issues October 13, 2021 The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and...
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses October 12, 2021 The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and...