Markets
Federal Judge Dismisses Multiple Pennsylvania COVID-19 Claims
A Western Pennsylvania federal district judge has dismissed eight cases seeking payment for COVID-19 business interruption coverage from several insurers including Cincinnati Insurance, Travelers ...
Florida Building Codes Made a Big Difference for Newer Homes in Ian, Reports Show
In the hardest-hit parts of southwest Florida, many newer structures survived remarkably intact despite Hurricane Ian's winds, suggesting that updated Florida building codes are making a difference ...
Swiss Re Expects Hurricane Ian Claims to Bring Q3 Loss
Swiss Re forecast on Tuesday a third-quarter net loss of around $500 million after the reinsurance company absorbed preliminary claims from Hurricane Ian of approximately $1.3 billion. "While the ...
Insurers Win Key Parts of Stonegate COVID-19 Business Interruption Case: MS Amlin
Insurers have won key parts of a complex legal battle with British pubs group Stonegate, MS Amlin said after Monday's judgment on the 1 billion pound ($1.13 billion) lawsuit against three top ...
Marsh Optimistic About Continued Cyber Market Stabilization
In its latest update of the cyber market, broker Marsh said there are signs of improvement, with average rate increases continuing a trend of steady decline. Marsh said rate increases for cyber ...
Plastic Pollution Could Trigger $20 Billion in Lawsuit Payouts
Litigation could cost the plastics industry and its insurers $20 billion in the U.S. over the next eight years, according to a report backed by the United Nations and an Australian ...
New Data Suggests Dangerous Driving Trend Is Slowing, Slightly
Preliminary traffic data provides some hope that a rash of unsafe driving habits spawned by traffic-free roads during COVID-19 business shutdowns is beginning to abate. The National Highway Traffic ...
AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?
For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 point to a U-turn in financial ...