Commercial Lines
NCCI: Almost One-Quarter of COVID Claimants Suffer Prolonged Symptoms
Nearly a quarter of workers compensation claimants who were treated for COVID-19 experienced persistent symptoms or a relapse months later, according to a new study by the National Council on ...
Chubb’s Q3 Numbers: Net Income Falls on Realized Losses; P/C Profits Up 15%
In spite of incurring nearly $1 billion in pre-tax net losses from Hurricane Ian, Chubb reported a combined ratio of 93.1 for the third quarter of 2022 last night, representing $710 million in ...
Property Market to Harden More: MMC’s Doyle
While the total impact of Hurricane Ian won't be realized for some time, the effect on an "already stressed property market will be significant," said John Q. Doyle, group president and chief ...
Business Leaders Overconfident About Cyber Threats: Beazley
Cyber remains a top concern, but business leaders may be overconfident about their resilience against the threat, according to new research from Beazley. Cyber was chosen as the No. 1 technology risk ...
Federal Judge Dismisses Multiple Pennsylvania COVID-19 Claims
A Western Pennsylvania federal district judge has dismissed eight cases seeking payment for COVID-19 business interruption coverage from several insurers including Cincinnati Insurance, Travelers ...
Insurers Win Key Parts of Stonegate COVID-19 Business Interruption Case: MS Amlin
Insurers have won key parts of a complex legal battle with British pubs group Stonegate, MS Amlin said after Monday's judgment on the 1 billion pound ($1.13 billion) lawsuit against three top ...
Marsh Optimistic About Continued Cyber Market Stabilization
In its latest update of the cyber market, broker Marsh said there are signs of improvement, with average rate increases continuing a trend of steady decline. Marsh said rate increases for cyber ...
Plastic Pollution Could Trigger $20 Billion in Lawsuit Payouts
Litigation could cost the plastics industry and its insurers $20 billion in the U.S. over the next eight years, according to a report backed by the United Nations and an Australian ...