Commercial Lines
Viewpoint: La. and N.Y. Appellate Courts First to Find Physical Loss From COVID-19 Shutdowns
There is a hole in the dam. Prior to June 14, every one of the 77 federal and 44 state court appellate decisions interpreting the meaning of "direct physical loss or damage" in a standard-form ...
Independent Agents Place Majority of U.S. P/C Insurance: Big I
The independent agency channel places 62 percent of all property/casualty insurance written in the U.S., according to the Big "I" 2022 Market Share Report. The annual Market Share Report compiles and ...
How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade?
The U.S. Supreme Court's June overturning of the 1973 Roe v. Wade decision protecting women's constitutional right to an abortion has brought with it reports of growing digital privacy concerns. Most ...
Pie Insurance Partners With Bold Penguin, Talage and Tarmika
InsurTech Pie Insurance, which specializes in workers comp insurance for small businesses, has formed strategic partnerships with three leading commercial insurance platforms: Bold Penguin, Talage ...
Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh
Global commercial insurance prices increased 9 percent in the second quarter of 2022 (down from an 11 percent increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, ...
Allergan Poised to Pay More Than $2B in Opioid Settlement
AbbVie Inc.'s Allergan unit has reached an agreement to pay more than $2 billion to resolve thousands of lawsuits filed by state and local governments over the marketing of its Kadian opioid ...
Chubb Increases Loss Cost Trends ‘Rather Than Be Lagging and Get Caught’: Greenberg
Chubb CEO Evan Greenberg said the insurer is seeing favorable returns, but additional rate is needed to "keep pace with loss costs, which are hardly benign." Greenberg said during the July 27 call to ...
‘Cryptojacking’ Attacks on Financial Firms Surged in First Half
Hackers are increasingly targeting financial firms such as banks and trading houses with attacks designed to use their computer systems to mine cryptocurrencies, according to cybersecurity firm ...