Industry News
Tension High as Re Buyers Face Another Year of Price Hikes
Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved their risk profiles by de-risking and elevating risk ...Zurich’s Savio Named APIW 2021 Insurance Woman of the Year
The Association of Professional Insurance Women has named Kathleen Savio, group chief transformation officer of Zurich Insurance Group, as the 2021 APIW Insurance Woman of the Year. She will be ...
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 ...
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 ...
Comma-tose: Coverage Case Hinged on Punctuation Question
Coverage disputes often hinge on the exact wording of an insurance policy. In a case in federal court in South Florida, the issue came down to not only the wording but the punctuation — namely, a ...