Commercial Lines
Why Hail Storm Losses Began Rising in 2008 Remains a Mystery
In 2008, the year the stock market crashed and Barack Obama won the presidency, the U.S. was hit with a weather phenomenon little noted by anyone beyond the insurance industry. The country's losses ...
As Disappointed Shareholders Take Aim at IPOs, D&O Insurance Market Tightens
Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. ...
How Daubert Standard Could Impact Florida Industry, Judicial Climate
The Florida Supreme Court has reversed a prior court's decision to use a nearly 100-year-old standard on expert witness testimony and instead adopted stricter federal standards currently used by a ...
Foundation Is Working to Report Flood Risk for Every U.S. Property
A group of scientists and a technology nonprofit technology organization have set a mission to calculate the past, current and future flood risk of every property in America. While institutional real ...
Product Defect Lawsuit Filed Against U.S. Cos. in London’s Grenfell Tower Fire Disaster
Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London's Grenfell tower fire. The fire, which has been called the ...
Amid China Dispute, Canada Expands Credit Insurance for Canola Exporters
Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce trade risks amid a dispute with China. China halted purchases ...
Shipping Insurance Premiums Spike Following Tanker Attacks in Middle East
Insurance costs for ships sailing through the Middle East have increased by at least 10% after attacks on two tankers in the Gulf of Oman on Thursday, with the potential for costs to rise further as ...
Plaintiffs Suing Drug Firms Propose Including All U.S. Municipalities in Opioid Settlement
Lawyers representing county and municipal governments accusing drug manufacturers and distributors of fueling the U.S. opioid epidemic proposed a novel plan on Friday that would allow every community ...