Content from Chad Hemenway
PFAS, Microplastics, Baby Food: Emerging Casualty Risks Keep Coming
There is no longer a need to ponder the "next asbestos" because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is ...
19 Named Storms Predicted by CSU Team; 70% Chance Major Hurricane Hits U.S.
Researchers at Colorado State University are predicting a very active 2022 Atlantic season, with 19 named storms. The average for named storms during the Atlantic hurricane season (June 1 through ...
March U.S. Tornado Activity Likely to Set Record
It appears there were more tornadoes across the U.S. this year in the month of March than ever before — possibly by a large margin. According to the National Oceanic and Atmospheric ...
Court Reverses Prior Coverage Decision on Target Cyber Breach: Chubb Must Pay
In an "extraordinary remedy" of a judgment from a year ago, a federal court judge in Minnesota reversed a decision that Target Corp. was not entitled to insurance coverage from Chubb for costs the ...
Most Middle-Market CFOs Believe ESG Strategy Will Improve Financial Growth
According to a new survey from professional services firm BDO, about two-thirds of middle-market CFOs think implementing an environmental, social and governance (ESG) plan will benefit financial ...
Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential
Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure and other industries and it urges the insurance industry to re-evaluate ...
APCIA Joins Group Pushing for Reforms on Litigation Funding
A new advocate group in New York that counts the American Property Casualty Insurance Association (APCIA) as a member is looking to crack down on the practice of litigation funding. The Consumers for ...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Cyber claims from small and midsize businesses saw a "material uptick" in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its ...