Markets
Guy Carp Analysis: Cyber Cat Model Results Diverge
Significant progress has been made in advancing vendor's cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and ...
N.J. High Court to Hear Insurers’ Appeal Over War Exclusion in NotPetya Attack
The New Jersey Supreme Court has agreed to decide whether a hostile/warlike action exclusion in an all risks property insurance policy applies in a case involving insurance coverage for a 2017 ...
Litigation Finance: Dangerous Game? Or Promoting Ethical Behavior?
In insurance defense attorney Dennis Kass' world, litigation financing firms lurk behind the scenes, pushing plaintiffs to undergo as much treatment as possible so lawyers can maximize the value of ...
Study: Motor Vehicle Thefts Soar in First Half of 2023
During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released this week by the Council on Criminal Justice. ...
Farmers Forced to Rescind Thousands of Nonrenewal Notices in Georgia
About the same time that it announced a major pull-back from the Florida and California markets, Famers Insurance also sent thousands of nonrenewal notices to Georgia ...
Americans Are Moving Toward Climate Danger in Search of Cheaper Homes
A midsummer quiz: Let's say you read about an area experiencing blistering heat for weeks on end — heat so hot that in the day, you can't go outside, and at nighttime, ...
Specialty P/C Insurers Outperform Their U.S. Peers: Report
Property/casualty insurers in the U.S. that focused on difficult-to-place risks distanced themselves from their peers in key metrics measuring earnings, underwriting ...
Aon: Global Disasters Push Economic Losses to a 21st Century High at $194B
A new report estimates $194 billion in economic losses due to global disasters for the first half of 2023. According to Aon's H1 2023 Global Catastrophe Recap, this is well above the 21st century ...
District of Columbia Sues Manufacturers for ‘Forever Chemical’ Contamination
District of Columbia Attorney General Brian L. Schwalb has filed a lawsuit against more than 25 chemical companies for manufacturing, marketing, distributing and selling ...