Claims / Legal
U.S. Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than $100 million during 2023, according to a compilation published this year. Swiss ...
What Happened to the Hurricanes? CSU Forecasts September ‘Quiet Period’
The first two weeks of September are expected to be quiet for Atlantic hurricane activity, according to experts at Colorado State University. The CSU Tropical Meteorology Project, which has been ...
Extreme Rain Is a Growing Climate Threat to the Northeastern U.S.
As high temperatures break records around the US and wildfires rip through the West, another climate-driven weather hazard—extreme rainfall—is pummeling the country's Northeast and scientists say ...
What Liability Insurance Underwriters Should Know About Microplastics
Plastics. What was once the pithy career advice memorably offered in the movie "The Graduate" has some potentially noteworthy similarities to one of today's most significant toxic torts: PFAS. It's ...
Results Too Good? Swiss Re Boosts Reserves ~$1B Amid Surprises
Lower than expected catastrophe losses in the second quarter helped fuel nearly $1 billion in net profit for Swiss Re during the period, and a 16 percent jump in profit to $2.1 billion for the first ...
California Pot Farmers Feel the Heat from Low Pricing, Wildfires
Small-scale cannabis farmers in California are calling it quits, crushed by crop damage from devastating wildfires and sliding prices, and industry experts expect the exodus to continue near-term in ...
A Tech Bridge for the Talent Gap in Insurance Claim Fraud Detection
The property/casualty insurance industry faces a critical staffing challenge when it comes to uncovering fraud in claims, while also enabling swift claim processing to meet customer expectations. ...
Challenges in Insurance Claim Fraud Management
A new Verisk survey highlights the pressing concerns and emerging trends shaping the future of property/casualty insurance claim fraud detection and prevention. The comprehensive survey of 44 ...