Markets
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses
Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely ...
Travelers: Costliest Claims Driven by Most Common Workplace Accidents
Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. The data also ...
Report: 1Q 2024 California Workers Comp Written Premium 3% Lower Than Year Ago
Written premiums for the first quarter of 2024 were 3 percent lower than the first quarter of 2023, while written premiums in 2023 were slightly above 2022, according to the Workers' Compensation ...
Illuminated Crosswalks Aid Drivers in Yielding to Pedestrians: IIHS
In areas with few streetlights, drivers are more than three times as likely to yield to pedestrians at illuminated crosswalks than at dark ones, according to a new study from the Insurance Institute ...
Public D&O Price Decreased 5.2% in Second Quarter, Says Aon
The average price for directors and officers liability insurance decreased 5.2 percent per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions. Aon said the ...
Elevated Demand, Increased Capacity Drive Reinsurer Profitability in 2024
Global property catastrophe limit purchased increased an estimated $35-$40 billion through H1 2024, with more than 50 percent of increased limit originating in North America across a wide range of ...
Are Captives the Answer for Uninsured HOAs? Utah Opens Door
When actuary Greg Fears attended a Western Region Captive Insurance Conference in April, he expected to learn and share information about emerging uses of captives for commercial risks, including ...
Hurricanes Grab Headlines But Inland Floods Top Disaster List
Floyd County keeps flooding and the federal government keeps coming to the rescue. In July 2022, at least 40 people died and 300 homes were damaged when the eastern Kentucky county flooded. It was ...