Markets
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch
Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while ...
Regulators Can Learn AI; New InsurTech Groups Will Help
It was the mid-1990s. Karen Clark's Applied Insurance Research and Hemant Shah's Risk Management Software were InsurTechs in their early stages of development—before the term for insurance ...
U.S. Security Agencies Issue Advisory for Russian Cyber Attacks on Infrastructure
Federal cybersecurity officials are again warning of Russian cyber attacks and urging critical infrastructure networks in particular to be on alert. The Cybersecurity and Infrastructure Security ...
Travelers Expands Telematics Offerings With IntelliDrivePlus
The Travelers Companies Inc. is expanding its telematics auto insurance offerings with the launch of IntelliDrivePlus, an app-based program that calculates a new premium at each renewal by measuring ...
U.S. Businesses Fear They Could Face Never-Ending Chain of Liability From Take-Home COVID-19
As COVID-19 cases surge in the United States, businesses say they fear a California court ruling has increased the likelihood that companies will be sued for infections, even by people who are not ...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch
The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating ...
Insurers Have No Duty to Defend Rite Aid Against Opioid Lawsuits, Says Delaware Supreme Court
Chubb Ltd. has no duty to defend Rite Aid Corp. against lawsuits filed by two Ohio counties that allege the drug store chain's failure to identify suspicious orders contributed to an oversupply of ...
Can a Self-Driving 40-Ton Truck Be Safe?
Shipping companies and software developers are experimenting with self-driving trucks as a way to solve a driver shortage worsened by the COVID-19 pandemic, drawing fire from safety advocates who ...