Commercial Lines
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
Travelers Leaning Into AI, Tech as Earnings Rise
Reviewing the 2021 highlights of both a final quarter and a year that saw Travelers deliver double-digit returns-on-equity, the company's chief executive focused on technology investments aimed at ...
How Zurich Commercial Uses Underwriting Discipline to Find Profit in Any Market
Zurich Insurance Group has worked hard to turn around its financial results over the past five years by bringing underwriting back to the organization, with a greater focus on selecting the right ...
Florida Power & Light Class Action Opens Door to Subrogation, Future Storm Claims
A Miami judge's certification of a lawsuit against Florida's largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane ...
U.S. Security Agencies Issue Advisory for Russian Cyber Attacks on Infrastructure
Federal cybersecurity officials are again warning of Russian cyber attacks and urging critical infrastructure networks in particular to be on alert. The Cybersecurity and Infrastructure Security ...
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 ...