Commercial Lines
Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout
According to MarketScout's Market Barometer, the fourth-quarter 2022 composite rate for U.S. commercial lines was up 5.1 percent. The Dallas-based distribution and underwriting company said property ...
Insurance Pricing: True D&O Buyer’s Market; Stabilized Commercial Auto
Insurance brokerage USI is forecasting that half of 32 commercial insurance product lines analyzed will experience softer pricing in the first half of 2023—including a predicted "buyer's market" ...
D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme
A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its former chief executive officer was convicted of stealing $4.9 million from ...
Cyber Insurance Themes to Look Out for in 2023
As the Roman God Janus (for which, of course, the month January takes its name) reflects both looking backwards and forwards in transition, the dawn of a New Year provides a great opportunity to ...
What to Expect: Commercial Insurance Rates Stabilizing, WTW Forecasts
With last year's 25 percent rate hikes for public directors and officers liability insurance dropping to 2.5 percent, and 150 percent hikes for cyber cover sinking to 25 percent, significant ...
Chubb Announces Plans for New Philadelphia Office
Chubb has announced plans for a new Philadelphia office that will occupy a state-of-the-art building to be constructed at 2000 Arch Street. Designed with the highest standards for sustainability, the ...
CyberCube Gets $50M in Financing for Cyber Risk Analytics
CyberCube announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors ...
OSHA: Amazon Failed to Record Some Warehouse Injuries
Amazon failed to properly record work-related injuries at warehouses located in five states, a federal agency said Friday while announcing it issued more than a dozen citations during the course of ...