Markets
Fire a Growing Risk to Shipping Because of Lithium-Ion Batteries, Allianz Says
Fire has always been a peril for shipping, but the advent of lithium-ion batteries has elevated the risk to the point that it now is the most expensive cause of loss for the industry, according to a ...
More Frequent, Expensive Cyber Attacks Spur U.S. Spending on IT
A new study from insurer Hiscox shows that cyber attacks on U.S. businesses are more frequent and more expensive than ever before. The annual Hiscox Cyber Readiness Report, which gauges businesses' ...
It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says
Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new entrants and potential claims volatility may spell trouble for ...
‘Dangerous’ 103 Degree Heat To Hit Chicago 11 Times A Year By 2100: Study
What's considered officially "dangerous heat" in coming decades will likely hit much of the world at least three times more often as climate change worsens, according to a new study. In much of ...
Night Blindness: Automatic Braking Systems Struggle to See in the Dark
Many of the automatic braking systems automakers are using to prevent vehicles from hitting pedestrians do not work well in the dark, according to test results released Tuesday ...
Judge’s Order: Credit Scoring Ban Finito In State of Washington
Earlier this week, Judge Indu Thomas entered the final order declaring that Insurance Commissioner Mike Kreidler exceeded his authority when he issued a permanent rule banning the use of credit-based ...
Behavioral Health Linked to Workers Comp Recovery: Study
Psychosocial factors are strong predictors of delayed recovery and other adverse outcomes in patients with work-related injuries. A recent white paper from the Workers Compensation Research Institute ...
Commercial Auto InsurTech Fairmatic Raises $42M
InsurTech Fairmatic, founded by Jonathan Matus, a former Android and Facebook mobile executive, announced a $42 million Series A funding round to further expand its investment in the ...