Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market
Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers at the annual RIMS Riskworld ...
Underwriting
Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts
In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2 billion, a premium ranking shows two carriers growing more than 150 ...
Beazley: Business Leaders Need to Focus on Long-Term Climate Change Mitigation Plans
The future of climate change risk management is set to change due to the confluence of natural catastrophes, evolving regulation and increased media scrutiny, according to a new environmental report ...
NJ Court Affirms Merck Ruling: War Exclusion Does Not Apply to Cyber Attack
The appellate division of New Jersey Superior Court has upheld a state trial court opinion that the war exclusion in drugmaker Merck & Co.'s all-risk property ...
Google Search vs. ChatGPT AI: Which Should P/C Insurers Use?
Whether you're a casualty underwriter trying to investigate the most recent lawsuit filed against a potential insured or a journalist doing fact checking on recent events, a search engine like Google ...
Claim Professionals’ Perspective: D&O Market Correction Coming
The current directors and officers market is out of balance with insurers facing a soft underwriting landscape just as the volume and severity of claims are rising. The head-scratching imbalance was ...
The Mobility Revolution Is Coming for Insurers
What would you do if you had advance knowledge of massive changes coming to your industry? And what if you knew generally what form the changes would take and the likely ...
Eyes Wide Open: A ChatGPT Users’ Guide for Insurance Professionals
OpenAI's ChatGPT will give you some pushback if you ask it how to commit a crime—like breaking into someone's house. But a little creative coaxing can elicit a "misaligned response" from the ...
Executive Viewpoint: Taking the Next Step on Cyber War Exclusions
Cyber insurance has been a success story since the late 1990s, offering companies protection for one of their leading emerging risks. In my opinion, the most important ...
Courts Mixed on PFAS Coverage Litigation
A handful of coverage lawsuits have been decided over the application of pollution exclusions to deny coverage for PFAS claims, and rulings have been split on whether ...