Commercial Lines
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best
The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers' balance sheets, according to an AM Best report. ...
U.S. Supply-Chain Pressures Soar to a Record, Index Shows
A measure of U.S. supply-chain pressures rose to a record, adding to already stiff inflationary headwinds from logistics amid dwindling warehouse space and unprecedented inventory costs. The ...
Solar Storm to Hit Earth, Prompting Monitoring by Airlines, Electric Grid Operators
A solar storm will sweep across the Earth Wednesday night, raising prospects of dazzling Northern Lights visible as far south as Chicago while prompting airlines and electric-grid operators to step ...
Illusory Coverage: A Legal or an Ethical Issue?
Recently I was reading an article from the University of Pennsylvania Law Review titled "The Illusory Coverage Doctrine: A Critical Review." According to the article, the Illusory Coverage Doctrine ...
Logistics Giants Hedge Their Bets in Uncertain U.S. Self-Driving Truck Race
Self-driving truck companies in the U.S. have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready, and neither are their biggest potential ...
Analysis: Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
Insurers face potential multibillion-dollar claims for cyber attacks related to Russia's invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. ...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by ...
FBI Says Russian Hackers Scanning U.S. Energy Systems and Pose ‘Current’ Threat
Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a "current" threat to ...