Update: Stranded Container Ship Is Refloated; Suez Canal Shipping Traffic Resumes March 29, 2021 By Yusri Mohamed, Nadine Awadalla and Aidan Lewis ISMAILIA, Egypt – Shipping was on the move again late on Monday in Egypt’s Suez Canal after tugs refloated a...
Suez Canal Blockage Could Cost Global Trade $6B-$10B per Week: Allianz March 26, 2021 BERLIN – The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week,...
Industry Loss Reserves Redundant by $28 Billion: Assured Research March 24, 2021 By Susanne Sclafane Analysts at Assured Research delivered some surprises in a report on property/casualty insurance industry loss reserves Monday, finding that reserves...
Oliver Wyman Predicts COVID Herd Immunity for U.S. by Mid-Summer March 16, 2021 The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID...
A U.S. Storm that Will Break Insurance Records – and Other February Storms, Quakes March 15, 2021 February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become...
Report: California Comp Virus Claim Volume Plummeted in February March 12, 2021 The wave of COVID-19 claims that hit the California workers’ compensation system at the end of 2020 has subsided for...
Insurance Safety Institute Finds Adaptive Cruise Control Raises Fatal Crash Risk March 12, 2021 By Tina Bellon Adaptive cruise control systems on cars, which control braking and speed, raise the risk of traffic crashes because the technology...
Transactional Risk Insurance Hits Record High Despite Pandemic: Marsh March 12, 2021 After a dramatic downturn in the second quarter of 2020 due to the coronavirus pandemic, merger and acquisition (M&A) deal...
Study Shows NASIDs Growing in California Workers’ Comp March 10, 2021 A new study shows that nonsteroidal anti-inflammatories (NSAIDs) now account for more than one-third of all drugs dispensed to injured...
Total Pandemic Losses for P/C Insurers Will Take Years to Determine: Fitch March 10, 2021 By Fitch Ratings Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in the...