Risk
Arch Insurance Asserts Policy Exclusion Frees It From Covering USC’s $215M Sex Abuse Settlement
Arch Specialty Insurance Co. is arguing in a recently filed a lawsuit that it shouldn't have to cover the University of Southern California's $215 million settlement in a case where the school's ...
Property, WC, Liability Price Hikes Drive Up Total Cost of Risk for Businesses
Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk. Reversing the trend of falling average TCOR per $1,000 of revenue seen from ...
European Commission Warns Britain Will Suffer Most Under No-Deal Brexit
The European Commission said on Monday that the EU was ready for a no-deal Brexit and that Britain would suffer most under such a scenario. Speaking at a regular daily briefing, Commission ...
With Billions in Lawsuits From Fire Victims Pending, Shares of California Utility Tumble
Shares of PG&E Corp. plunged before the start of regular trading Monday after a judge ruled that a jury should determine whether it should pay as much as $18 billion in damages to wildfire ...
Carrier Tech, Infracture Investments Drive Record Small Business Customer Satisfaction Levels: J.D. Power
Small business owners are reporting record levels of satisfaction with their insurance coverage, with carrier investment in products, service infrastructure, and technology likely driving the uptick. ...
Millennials Drive While Using Cellphones at Worse Rate Than Gen X, Boomers: Liberty Mutual
Auto insurance carriers remain wary of drivers who increasingly use their phones while behind the wheel. Millennials are the worst offenders, according to a new global driving study from Liberty ...
Only 42 Percent of H1 Global Economic Losses Were Covered by Insurance: Swiss Re
Natural catastrophes and man-made disasters in the first half of 2019 were responsible for $44 billion of economic losses globally, according to Swiss Re Institute's preliminary sigma estimates. This ...
Facebook Users Reportedly Not Told Contractors Transcribe Audio Clips
Facebook Inc. this week confirmed that it ran a program to allow contractors to listen to and transcribe some users' audio clips. The social network said that the only people who were affected were ...