Markets
D&O Insurance Specialist IDs a Fourth Variant of COVID Shareholder Suits
Even over a holiday weekend, alerts were hitting the newswires in advance of Jan. 3—the deadline for shareholders of ON24 to apply for lead plaintiff status in a lawsuit against the online event ...
Workplace Fatalities Fell 10.7% in 2020, While Severe Illness Cases Rose
Worker deaths decreased by 10.7 percent in 2020 compared to 2019, with 4,764 fatal workplace injuries, according to the Bureau of Labor Statistics in its annual report on workplace fatalities for ...
COVID-19 Claims of $44B Is Third-Largest Catastrophe Loss: Howden
Insured losses of $44 billion from COVID-19 so far represent the third-largest cost to insurers of any catastrophe, behind only Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on ...
Opportunistic Crime: Catalytic Converters Thefts Still Soaring
In the tiny town of Lawrenceville, Va., a van owned by Poplar Mount Baptist Church was knocked out of commission for weeks after thieves cut the catalytic converter out of its exhaust system. Several ...
Corvus Insurance Acquiring Lloyd’s Cyber Specialist Tarian Underwriting
InsurTech Corvus Insurance announced today that it has acquired Tarian Underwriting Limited from Beat Capital Partners Ltd. for an undisclosed amount. Formed in 2016, Tarian is a specialist ...
Businesses Can Expect to Spend $13.5B on Repairs Due to Flooding in 2022
A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial buildings. The same report finds that businesses could lose more than ...
Property Re Rates Up Nearly 11 Percent in Delayed 1/1 Renewals
In a brief report on Jan. 1 renewals published Monday, Guy Carpenter said that its global property catastrophe rate-on-line index rose 10.8 percent. Improvements on underlying business helped ...
Lloyd’s Asia Launches Renewable Energy Consortium
Lloyd's launched a renewable energy consortium in response to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy, Lloyd's announced late last ...