Daily news and analysis on insurance industry trends, regulations, and market insights
More than half of risk managers, 51%, regularly experience multiple interconnected risks at the same time, and 94% believe their organizations underestimate how cascading risks escalate across a busin
Members of the independent broker network are putting more of their own capital into it as acquirers continue to absorb independent firms
Only 9% of experts who named AI a top risk say authorities are well prepared, while WTW says insureds are questioning cover for generative AI losses
As insurance leaders race to deploy AI, Cognizant reveals a hidden cost to human expertise
A family friend threatened him, then showed up at the bar. It got worse from there
Claims professionals hear constantly that they need more empathy. Far less often does anyone ask where empathy comes from, or what happens when the supply runs low. “If you are out of gas and you don’
Hurricane Isaias, which caused at least four deaths after striking the Florida Panhandle on Friday, is expected to cause $1 billion to $3 billion in insured losses from wind and storm surge, modeling
The collision of an American Airlines regional jet and an Army Black Hawk helicopter near Ronald Reagan Washington National Airport last year that killed 67 people was the result of several systemic f
Most US independent agents now use AI at work, but few agencies have formally adopted it. Vendors pitching new tools may be underestimating how hard it is to change the way an agency runs.
U.K.-based Price Forbes has launched Accordium, a first-of-its-kind London market facility combining property, stock throughput and terrorism cover in one policy for total insured values up to $1 bill
SAN DIEGO — The excess and surplus lines insurance market continues to win business from the admitted market, but premium growth has slowed to single digits, executives said at the Wholesale &am
Lots of trees and fences were down, with some roof damage to homes, businesses and vehicles, and flooding and tornadoes in parts of western North Carolina. But overall, the insured losses from Hurrica
South Korean and Japanese companies are racing to strengthen cyber defenses after a wave of attacks that cybersecurity experts say are highlighting how AI may be lowering the bar for criminals with li
Bulgarian insurance costs for Black Sea oil shipments have surged to $2.5 million from $200,000 per vessel in recent months, Russian PJSC Lukoil’s special commercial manager in Bulgaria, Evgeni Simeon
Tesla Inc. is facing scrutiny from US auto-safety regulators over whether its driverless taxis exceed posted speed limits near schools, a new hurdle for the automaker’s slow-growing robotaxi ser
The US workers’ compensation segment could be nearing an inflection point despite continued favourable underwriting and operating results, said AM Best. It pointed to rising medical costs, combined ra
Aon on Tuesday named Leonora Siccardi global chief execution officer for its risk capital and human capital businesses, a newly created position aimed at coordinating strategy and operations across th
Three analyses spanning 2010 to 2025 find the total cost advantage consistently favors the wholesale channel
Insurers and brokers face a complicated compliance picture as Washington eases restrictions while other jurisdictions maintain their sanctions
Shepherds Friendly finds 41% wrongly think cover pays out on redundancy
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