Risk
COVID-19 Could Threaten Shipping Safety Even as Losses Are at Record Lows: Allianz
Large shipping losses dropped by 20 percent last year, in a continuation of decade-long trend when losses declined by almost 70 percent, according to a report published by Allianz Global Corporate ...
Pandemic Shifts Insurer Interest Toward Safer Warehouse Investments
Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, ...
The Latest Launches From Markel, Coalition and AIR Worldwide
Markel Specialty is launching Risk Solution Services, its newly expanded loss control department. Coalition and Q6 Cyber will partner on a new initiative designed to enhance cyber underwriting. AIR ...
Arch Capital Pretax Cat Losses Could Hit $225M, Driven by COVID-19 Claims
Arch Capital Group Ltd. has estimated a range of pretax catastrophe losses of $205 million to $225 million in the second quarter of 2020 across its property/casualty insurance and reinsurance ...
Google Suit Alleges Tracking in Apps Even When Users Opt Out
Alphabet Inc's Google records what people are doing on hundreds of thousands of mobile apps even when they follow the company's recommended settings for stopping such monitoring, a lawsuit seeking ...
UK PM Johnson Proposes Spending $6.6 Billion on Flood Defenses Through 2027
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the ...
Travelers Cautions Q2 Pretax Cat Losses Will Hit $854M
The Travelers Companies Inc. has become the latest P/C carrier to report sizable catastrophe losses for the 2020 second quarter. Estimated pretax catastrophe losses for Q2 reached $854 million, or ...
Earliest ‘F’ Named Storm Drops $400M In Insurance Losses: Estimate
Last week, Tropical Storm Fay became the earliest "F" named storm in the historical record, Karen Clark & Company reported yesterday, estimating that the storm will mean roughly $400 million in ...