Commercial Lines
Government Can and Should Help Reduce Cybersecurity Risks: ITC 2021 Highlights
It's no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official ...
Nobel Laureate Argues Central Banks Lack Tools to Fight Climate Change
Central banks are at risk of over-promising on how they can respond to the challenges posed by climate change, a Nobel economics laureate whose work questions how well economic models cope with ...
TSA Wants Major Rail, Air Companies to Report Hacks and Hire Cyber Chiefs
The Transportation Security Administration will introduce regulations that compel the most important U.S. railroad and airport operators to improve their cybersecurity procedures, Homeland Security ...
J.D. Power Agents’ Survey Reveals Top-Ranked P/C Carriers (Story in Charts)
Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers—and the scores they are giving carriers are moving higher, J.D. Power reports. According to ...
Why Tesla Could Face Tough Road If It Tries to Slash $137M Racial Bias Verdict
Tesla Inc. will likely seek to slash a $137 million jury award for a Black worker who accused the automaker of racial discrimination but could have difficulty reducing the verdict amid claims that ...
Shareholder Suits Over Willis/Towers Watson Merger May Cost Insurers $80M
Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for settlements with shareholders who cried foul after learning that ...
Employees May Not Be Working Inside Office Buildings, But Cyber Criminals Are
The normal bustle inside of many office buildings has come to a halt during the pandemic switch to remote work, but these empty buildings could be inviting a different kind of activity: cyber crime. ...
6th Circuit Reverses Finding That COVID Orders Caused Direct Physical Loss
A federal appellate court reversed a rare policyholder win in a COVID-19-related business interruption claim, once again holding that government orders that restrict the use of a property do not ...