Industry News
Firms Expect to Modify EPL Coverage as Claims Persist
A new survey indicates employers expect to see more employment-related claims within the next year, according QBE North America's Employment Practices Liability Report. The report, based on a survey ...
Newman Named CEO of ACORD Solutions Group
ACORD announced that Chris Newman has been appointed chief executive officer of ACORD Solutions Group (ASG). Newman brings extensive global experience to the role, having led (re)insurance company ...
National Flood Insurance Program Once Again on the Verge of Expiration
About six months after Congress passed a short-term reauthorization, the National Flood Insurance Program (NFIP) will soon expire—a prospect that could cause coverage lapses for policyholders with ...
Cyber Threats Continue to Target SMEs, While Large Firms Face Greatest Costs: Report
The latest NetDiligence Cyber Claims Study revealed that small to medium enterprises (SMEs) account for the vast majority of claims (98 percent), with large companies (2 percent of the dataset) ...
Insurers Fighting $345M Georgia School Abuse Award, With Policy Wording at Issue
In one of the grimmest, longest-running and most-litigated episodes of alleged child sexual abuse at a private school, the key question in a case now before the Georgia Court of Appeals is whether ...
Neptune Insurance Eyes $2.8B Valuation: IPO
Neptune Insurance said on Monday it was targeting a valuation of up to $2.76 billion in its U.S. initial public offering, as the IPO market continues to run hot. Some existing shareholders of the ...
Cyber Threats Continue to Top Concerns for Large, Mid-Size Firms: Travelers
A survey of more than 1,200 business leaders across the country highlights cyber threats as the top concern among large- and medium-sized companies, according to the latest Travelers Risk Index. For ...
China’s EV Boom Saddles its Auto Insurers With Chronic Losses
China's giant electric vehicle insurance market is flailing. Losses are piling up, as companies' risk models haven't kept up with changes in vehicle economics and driver behaviors. The country now ...