Commercial Lines
Reinsurers’ Estimates of Climate Risk Exposure Could Be Way Off: S&P
Reinsurers' estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by S&P Global Ratings. "Unmodeled risks and the inherent ...
Judge Sends Cincinnati Insurance COVID Coverage Question to Jury
A federal judge in Kansas City has cleared a restaurant group's COVID-related business interruption claim for jury trial, holding that an 8th Circuit Court decision that found no coverage was owed in ...
CEO Viewpoint: Seeing the Light Through the Mountain of Paper
Imagine explaining the concept of insurance to an alien. After the end of the elevator pitch, I guarantee they would think it was a pretty cool idea. At its heart, insurance is a simple and great ...
Biden Administration Fights Ransomware Attacks by Targeting Cryptocurrency Pipelines
The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals' cryptocurrency pipelines, and it urged companies to report extortion attempts and ...
Is Climate Litigation Covered by Insurance?
Federal or state court? How will attribution science impact climate litigation? The questions aren't the only ones of interest to insurers and reinsurers wanting to understand the potential for mass ...
‘Attribution Science’ May Help Plaintiffs Push Climate Suits Ahead
Although a U.S. Supreme Court decision put an end to climate lawsuits alleging violations of the federal common law of public nuisance, a second round of state actions may get further, researchers ...
The Latest Launches From Munich Re’s HSB, Brit Ld. and KCC
Munich Re's HSB Canada launched a collection of cyber insurance and services designed to protect small and medium-size businesses. Brit Ltd., the London-based specialty insurer and reinsurer, has ...
EU Eases Insurance Rules With $141 Billion Economic Boost
The European Union proposed changing the bloc's capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals ...