Louisiana Supreme Court to Hear Appeal of Rare Policyholder Victory in COVID Claim
The Louisiana Supreme Court has agreed to review an appellate court decision that found the COVID virus caused a direct physical loss that was covered by ...
Commercial Lines
Could Recent NotPetya Case Outcomes Pressure Insurers to Reword War Exclusions?
With recent news of multinational food and beverage company Mondelez International settling its lawsuit against its insurer Zurich American Insurance Company over the ...
Walmart Shooting Raises Need for Violence Prevention at Work
The mass shooting last Wednesday at a Walmart in Virginia was only the latest example of workplace violence perpetrated by an employee.
How Federato Solves Underwriters’ Problems—and Lowers Reinsurance Costs
Lower reinsurance costs aren't the most talked-about benefit of introducing AI and automation tools to the desks of property/casualty insurance underwriters, but with ...
Calif. Supreme: Unclear Policy May Require Insurer to Defend Yahoo From Privacy Lawsuits
A liability insurer may have a duty to defend Yahoo Inc. from class-action lawsuits that alleged it violated the Telephone Consumer Protection Act by sending its ...
Commercial P/C Rates Up for 20th Straight Quarter: CIAB
Third-quarter 2022 marked the 20th consecutive quarter of increased premiums for commercial property/casualty, according to the latest report from the Council of ...
RMS: Less Than $2B in Insured Losses From Hurricane Nicole
Catastrophe modeler RMS said private market U.S. insured losses from Hurricane Nicole are estimated at less than $2 billion, with a best estimate of $1.6 billion.
Although nearly two-thirds of underwriting professionals surveyed in 2021 said that AI and automation tools aren't easing their workloads—and 28 percent said their ...
Where Carriers Are Spending: The Investments Driving Underwriting Change
Down Nearly 15%: Falling D&O Prices Becomes A Thing After Years of Hikes
Directors and officers liability pricing fell 14.7 perecent in the third quarter, according to a recent survey. Aon's Financial Services Group's Q3 2022 pricing index for the quarter ending on ...
California Sues Over ‘Forever Chemicals’ That Taint Water
A lawsuit filed by the state of California accuses 3M, Dupont and 16 smaller companies of covering up the harm caused to the environment and the public from chemicals manufactured by the firms that ...