Commercial Lines
U.S. Businesses Fear They Could Face Never-Ending Chain of Liability From Take-Home COVID-19
As COVID-19 cases surge in the United States, businesses say they fear a California court ruling has increased the likelihood that companies will be sued for infections, even by people who are not ...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch
The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating ...
Insurers Have No Duty to Defend Rite Aid Against Opioid Lawsuits, Says Delaware Supreme Court
Chubb Ltd. has no duty to defend Rite Aid Corp. against lawsuits filed by two Ohio counties that allege the drug store chain's failure to identify suspicious orders contributed to an oversupply of ...
Can a Self-Driving 40-Ton Truck Be Safe?
Shipping companies and software developers are experimenting with self-driving trucks as a way to solve a driver shortage worsened by the COVID-19 pandemic, drawing fire from safety advocates who ...
Natural Disasters Cost Insurers $120B in 2021: Munich Re
Natural disasters across the globe caused economic losses of $280 billion in 2021, of which roughly $120 billion was insured, according to a report from Munich Re. U.S. natural catastrophes ...
Risk Alerts: Apple AirTags, Pollutants
Apple's AirTags are marketed as "an easy way to keep track of your stuff." But the trackers have also been linked to criminal activity such as stalking and car theft. The discs are meant to be ...
The Latest Launches From Zurich, Berkley
Zurich has launched a service to help businesses assess and improve their DEI. Berkley has formed a new business to provide excess liability insurance for contractors throughout the construction ...
Commercial Auto Among Lines With Flattening Rates: USI 2022 Forecast
Although it wasn't the headline of a commercial insurance broker's market pricing report last week, the report's observation that "commercial auto liability coverage rates are starting to flatten" is ...