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.
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
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 ...
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 ...
District of Columbia Sues Manufacturers for ‘Forever Chemical’ Contamination
District of Columbia Attorney General Brian L. Schwalb has filed a lawsuit against more than 25 chemical companies for manufacturing, marketing, distributing and selling ...
Utility Investors Wary of Exposures After Buffett’s PacifiCorp Held Liable for Wildfires
Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and ...
Workers Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best
Workers compensation insurers' underwriting results continued to outpace the rest of the U.S. property/casualty commercial sector in 2022, as they benefited from the ...
Business Leaders Appear Less Concerned by Cyber Risk: Report
The worldwide impact of cybercrime on business is predicted to balloon to $10.5 trillion by 2025, but boardroom focus on cyber risk appears to be diminishing, according ...
Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says
Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic ...
