Markets
Insurers Warn California’s Inaction Threatens Auto Policies
Top U.S. insurance companies and associations say California is risking a crisis in the nation's largest automobile insurance market by refusing to approve any rate increases for more than two years, ...
Unrated Insurers at Risk From Ian; Reinsurers Impacted: Fitch
Offering an initial estimate of $25-$40 billion in insured losses from Hurricane Ian, Fitch Ratings said that P/C insurance and reinsurance company credit ratings are unlikely to be downgraded as a ...
How to Avoid Being a ‘Sitting Duck’ During a Disaster-Related Ransomware Attack
Atlantic Hurricane Season, which runs from June 1 through Nov. 30, had a slow start this year but has begun ramping up as Hurricane Fiona made its way across the Atlantic last week and brought with ...
Hurricane Ian Threatens Heavy Losses for Catastrophe Bondholders
Investors who backstop Florida's insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to crimp a key source of capital for the sector and ...
Gun Violence Costs the U.S. $557 Billion a Year
Gun violence that causes tens of thousands of U.S. deaths each year — far more than any other developed nation — is having a significant, negative impact on the country's economy, Harvard Medical ...
Viewpoint: Significant Ruling in PFAS Litigation Could Impact Insurance Coverage
Per- and poly-fluoroalkyl substances, commonly known as PFAS, have served as a key component in numerous industrial and consumer products for decades. These "forever chemicals," which have been ...
Many Americans Apprehensive About Self-Driving Cars: Study
The majority of Americans (76 percent) say they would feel less safe driving or riding in cars with self-driving features. Similarly, 73 percent of people would feel less safe knowing others on the ...
Cyber Threats Still No. 1 Business Concern: 2022 Travelers Risk Index
Cyber threats were the top concern for business decision-makers for the third time in four years, according to the 2022 Travelers Risk Index. Cyber threats were chosen as a top concern by 59 percent ...