Commercial Lines
CEO of Rental Giant Hertz Vows to Fix False Theft Reports
The new CEO of Hertz says he's working to fix a glitch in the rental-car giant's systems that has led to some of its customers being wrongly accused of stealing cars they had rented. Stephen Scherr, ...
Accounts Deceivable: Email Scam Costliest Type of Cybercrime
It's a crime that siphons untold billions from the economy—but many people have never heard of it. Business email compromise scams involve criminals hacking into email accounts, pretending to be ...
Commercial Insurance Price Hikes Drop to Single Digits But Cyber Triples
There still are no price decreases showing up on WTW's regular update of rate changes for more than 30 commercial insurance lines, but many buyers are now seeing last year's double-digit jumps ...
Employers Adapting to New World of Worries
The past few years have been filled with newer exposures when it comes to employment practices liability insurance (EPLI). Along with significant disruptions in workplaces due to COVID-19, employers ...
PFAS, Microplastics, Baby Food: Emerging Casualty Risks Keep Coming
There is no longer a need to ponder the "next asbestos" because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is ...
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 ...