Markets
Beazley: Business Leaders Need to Focus on Long-Term Climate Change Mitigation Plans
The future of climate change risk management is set to change due to the confluence of natural catastrophes, evolving regulation and increased media scrutiny, according to a new environmental report ...
NJ Court Affirms Merck Ruling: War Exclusion Does Not Apply to Cyber Attack
The appellate division of New Jersey Superior Court has upheld a state trial court opinion that the war exclusion in drugmaker Merck & Co.'s all-risk property insurance policies does not apply in ...
Can Insurance Find a Home in the Metaverse?
A Cognizant report published last year, titled "A pragmatist's guide to the Metaverse," said if you ask three people what the Metaverse is, you'll get three different answers. CM's sister publication ...
What to Expect: WTW Spring Commercial Insurance Forecasts Mixed
In striking contrast to last year's double-digit rate hikes for public directors and officers liability insurance and 100-200 percent jumps for cyber coverage, some buyers renewing those coverages ...
MGAs, DUAEs Sparked Double-Digit Growth in ’22 U.S. Premiums: AM Best
Direct premium written through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8 percent to $67.6 ...
Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits
A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender's executives for allegedly hiding risks that led ...
34% of Workplace Injuries Occur in First Year on the Job: Travelers
More than a third of workplace injuries occur during employees' first year on the job, regardless of age or industry experience, according to a new report from Travelers. In fact, an employee's time ...
D&O Prices Plummeting: Record-Level Q1 Drop for Decade
The year-over-year decline in D&O insurance prices for the first quarter of 2023 is greater than any prior drop over a comparable period in more than a decade, historical information presented in ...