Markets
Palisade Insurance Partners Launches Specialty MGU
Palisade Insurance Partners LLC, an independently operated specialty managing general underwriter (MGU), has launched to provide a range of contingent legal risk insurance and other specialty ...
From Roof Building Codes to ‘Matching’ Limits, Some Changes Underway in Florida
Property insurance companies and roofers in Florida don't often see eye-to-eye. Insurers have frequently blamed unscrupulous contractors for jacking up claims, and roofing companies have sued ...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best
The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact on primary insurers' balance sheets, according to an AM Best report. ...
RenRe Launching Casualty, Specialty Venture for ILS Investors
With institutional investors providing the bulk of the capital, RenaissanceRe Holdings has announced the creation of a new joint venture dedicated to casualty and specialty risks. Launched with $475 ...
U.S. Supply-Chain Pressures Soar to a Record, Index Shows
A measure of U.S. supply-chain pressures rose to a record, adding to already stiff inflationary headwinds from logistics amid dwindling warehouse space and unprecedented inventory costs. The ...
Solar Storm to Hit Earth, Prompting Monitoring by Airlines, Electric Grid Operators
A solar storm will sweep across the Earth Wednesday night, raising prospects of dazzling Northern Lights visible as far south as Chicago while prompting airlines and electric-grid operators to step ...
Illusory Coverage: A Legal or an Ethical Issue?
Recently I was reading an article from the University of Pennsylvania Law Review titled "The Illusory Coverage Doctrine: A Critical Review." According to the article, the Illusory Coverage Doctrine ...
Logistics Giants Hedge Their Bets in Uncertain U.S. Self-Driving Truck Race
Self-driving truck companies in the U.S. have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready, and neither are their biggest potential ...