AM Best: Current D&O Market Rates Could Prove Inadequate
Buyers of directors and officers liability may be getting a break from steep rate and price increases seen over the last several years, but insurance industry rating ...
Markets
Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market
Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers at the annual RIMS Riskworld ...
Seeing Differently With Aerial Imagery
To the average person, aerial imagery and satellite imagery are thought of as interchangeable technologies that have similar processes and produce similar end results. However, this could not be ...
Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts
In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2 billion, a premium ranking shows two carriers growing more than 150 ...
Catalytic Theft Claims Triple in Two Years, Crime Bureau Report Finds
Insurance claims for catalytic converter thefts nationwide jumped by 288 percent in just two years, the National Insurance Crime Bureau said in a new report.
Claim severity for both bodily injury and property damage increased by 35 percent since 2019, while collision claim severity has jumped 40 percent, LexisNexis Risk ... A judicial panel of the Fourth Circuit Court of Appeals has ruled insurance broker Towers Watson may not be entitled to $80 million in insurance to cover settlements of ... While the January reinsurance renewals proved to be the toughest and most grueling for decades, the April 1 renewals, driven by the Japanese P/C market, were a much ...
Third Point’s Loeb Won’t Take SiriusPoint Private
Billionaire investor Daniel Loeb is no longer exploring a potential acquisition of SiriusPoint Ltd SPNT.N, according to a regulatory filing on Friday, a month after disclosing his interest in taking ...
NCCI: Workers Comp Premiums Dipped in ’22, What’s in Store for ’23
Last year was anything but normal when it came to rate filings, according to the National Council on Compensation Insurance (NCCI). During its annual State of the Line report, the organization ...
LexisNexis: Auto Claim Severity Up 35% Over Pre-Pandemic Rates
Insurer vs. Broker: Court Rules Against WTW in D&O ‘Bump-Up’ Dispute
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re