The Legal Tensions of Collaboration and Competition in the Life Sciences Industry
Moderna's suit against Pfizer and partner BioNtech over alleged COVID-vaccine-related patent infringement — and the targets' countersuit — might suggest an abrupt ...
Commercial Lines
For 5th Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
Total U.S. surplus lines direct premiums written (DPW) rose by 19.2 percent to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a ...
Hard Market Pressure: Surplus Lines Lifting Heavy Load in Turbulent Times
As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices but also reimagining their books by shedding risks they no longer ...
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P
More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by ...
Understanding the Impact of Recessions on Workers Compensation
Workers and employers in the U.S. have endured 17 recessions during NCCI's 100 years of operation.
Recessions produce far-reaching ...
Grid-by-Grid: How One Tech Firm Dissects California Wildfire Risk to Sell Insurance and Reinsurance
There is general consensus among insurance and reinsurance underwriters about the safest property risks to accept in the California market, according to the co-founder of ...
Evacuation Policies and Cat Strips: Wildfire Insurance and Reinsurance Ideas That Failed
Sometimes, it takes a few tries to develop the right insurance or reinsurance product—one that will align well with the needs and wants of customers.
According to IBM's Cost of a Data Breach report, 2023 set an all-time high record with the global average data breach cost reaching $4.45 million, a 2.3 percent increase ...
FedEx Faces Safety Issues as Driver Accidents, Insurance Costs Rise
FedEx Corp. is pressuring delivery contractors to improve safety after mounting accidents helped trigger a near-tripling of insurance costs over the decade. FedEx is requiring contractors that ...
Average Cost of a Data Breach Has Reached an All-Time High: IBM Report
Litigation Finance: Dangerous Game? Or Promoting Ethical Behavior?
In insurance defense attorney Dennis Kass' world, litigation financing firms lurk behind the scenes, pushing plaintiffs to undergo as much treatment as possible so lawyers can maximize the value of ...