Louisiana Supreme Court Reverses; No Coverage Owed for COVID Shutdown
The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder's business interruption claim for income lost because of government ...
Commercial Lines
WCRI: Consolidation of Health Care Driving Up Prices in Work Comp
Consolidation of physician services into larger groups owned by hospitals and health care systems is driving up the cost of care in workers compensation, according to a ...
U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW
U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8 percent, down from the rate of 5.2 percent in the previous quarter (Q3 2022), ...
Demand for Transactional Risk Coverage Remained Strong in 2022: Marsh
Transactional risk insurance continued its rise in popularity in 2022 to become a global, mainstream feature on mergers and acquisitions (M&A).
Jeremy Gittler, practice leader and head of Cyber Americas at AXA XL, thinks of the cyber insurance industry as a rollercoaster. He says that after several years of ... Trium Cyber is the industry's first Lloyd's-approved company to provide mono-line cyber coverage for U.S. risks. Launched in January 2023, the full-stack surplus lines ... "Stabilization" and "moderation" continued to be the operative words for premium increases in the commercial property/casualty market, but many clients remain concerned ... ]]Facebook and its outside law firm were ordered to pay almost $1 million in sanctions for deceitfully denying that it shared users' private information with third ...
PLUS Panelists Warn Insurers Not to Get Comfortable Riding the Cyber Rollercoaster
Insurer Startup Trium Cyber Finds Path to Profits, With Large Business Focus
Fitch Ups AIG P/C Ratings to A+; Multiyear Transformation Prompts Action
A 2022 combined ratio of 92 for the property/casualty operations of American International Group is evidence of the success of the carrier's multiyear turnaround that factored into an upgrade from ...
Commercial Insurance Price Increases Stay Level, But Clients Still Worried: CIAB
Liberty Mutual Tackling U.S. Personal Lines Challenges
The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported underwriting losses and waning policy growth in the segment in ...
Facebook Hit With $1 Million Fine Tied to User-Privacy Lawsuit