Markets
Mitigation Efforts Won’t Stop Cyber Damage and Related Rate Hikes in 2022
As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch ...
Underwriting Wildfire Risk
The 2021 California wildfire season continued the worrying trend of more extreme fires than the historical norm. As of December 12, 8,786 wildfires had destroyed over 2.5 million acres, about 1 ...
8 Substances Added to Report on Carcinogens
Eight substances have been added to the Report on Carcinogens, bringing the total list to 256 substances that are known or reasonably anticipated to cause cancer in humans. These include a chronic ...
P/C Insurers Less Bullish on Telematics: WTW Analytics Survey
Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, ...
Hallmark Financial Calls Off IPO Plans for Specialty Commercial Biz
Hallmark Financial Services, Inc. announced on Thursday that will no longer actively pursue a previously announced separation of its specialty commercial business segment and will not proceed with an ...
Does Workers Comp System Do Harm? Employers Seek Ways to Curb Lawsuits
Employers may be warming up to the idea that fighting some workers compensation claims and medical treatments can be counterproductive, and new emphasis should be placed on keeping injured workers ...
Holiday Theft Trends; Driver, Hauler Tips For Protecting Precious Cargo
Networking equipment, tequila and footwear were high on the list of thieves intercepting cargo shipments during the 2020 holiday season, Verisk's CargoNet reported yesterday. CargoNet also offered ...
U.S. Motor Vehicle Travel in October Up 7.1% Over 2020
U.S. motorists drove 7.1 percent more miles in October over the same month last year as people returned to offices and resumed leisure trips, but the distance was off slightly from pre-pandemic ...