Industry News
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 ...
Tech Bytes: New Partnerships at Blink Parametric, Duck Creek, SageSure and Hippo
InsurTech company Blink Parametric announced its partnership with AwayCare, a managing general agent (MGA) and provider of travel insurance products in Canada. The coverage will be underwritten by ...
Climate Change Is Top Global Risk for the Next Decade: World Economic Forum
There's little faith in the global economic recovery accelerating, with officials and business leaders citing climate change and rising social tensions, alongside the pandemic, among their top risks, ...
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 ...
Natural Disasters Cost Insurers $120B in 2021: Munich Re
Natural disasters across the globe caused economic losses of $280 billion in 2021, of which roughly $120 billion was insured, according to a report from Munich Re. U.S. natural catastrophes ...
Risk Alerts: Apple AirTags, Pollutants
Apple's AirTags are marketed as "an easy way to keep track of your stuff." But the trackers have also been linked to criminal activity such as stalking and car theft. The discs are meant to be ...
The Latest Launches From Zurich, Berkley
Zurich has launched a service to help businesses assess and improve their DEI. Berkley has formed a new business to provide excess liability insurance for contractors throughout the construction ...
Commercial Auto Among Lines With Flattening Rates: USI 2022 Forecast
Although it wasn't the headline of a commercial insurance broker's market pricing report last week, the report's observation that "commercial auto liability coverage rates are starting to flatten" is ...