Claims / Legal
Warning: High-Tech Cyber Crime Will Keep Coming, ‘Terminator’-Style
Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime - and the costly attacks are not going to stop, a top expert at ...
Japan Insurers Struggle to Produce Reliable Climate Change Cost Estimates
As the world tries to price the cost of climate change, Japan's second largest non-life insurer MS&AD foresees the potential rise in claim payments in 2050 to be anywhere between 5% to 50% from ...
Exxon Fails in Bid to Dismiss Massachusetts Lawsuit Alleging Climate Change Deception
A Massachusetts state judge has rejected Exxon Mobil Corp's bid to dismiss a lawsuit by state Attorney General Maura Healey accusing the oil company of misleading consumers and investors about its ...
Tentative Compensation Agreement Reached Over Suez Canal Ship Blockage
A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute ...
Can 3D Printing Solve U.S. Housing Shortage?
A new generation of startups wants to disrupt the way houses are built by automating production with industrial 3D printers. 3D printing, also known as additive manufacturing, uses machines to ...
Cyber Underwriting Changes: Is It Too Little, Too Late?
With primary rate changes approaching 50 percent and underwriting questions about network controls becoming more and more detailed, cyber insurers and reinsurers are reacting to an onslaught of ...
The Ransomware Epidemic by the Numbers
During a session of the Casualty Actuarial Society Seminar on Reinsurance in June, Alexander Podmore, AVP and cyber underwriter for Swiss Re, defined a growing problem for cyber ...
Legalized Marijuana Linked With Higher State Crash Rates
Researchers report increasing evidence that motor vehicle crash rates rise when states legalize recreational use and retail sales of marijuana, although what effects marijuana itself has on drivers ...