News
California Insurers Required to Increase Home Coverage in High Risk Wildfire Areas
Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in ...
U.S. Labor Agency Releases Final 2023 Injury, Fatality Stats
Last year, there were 5,283 fatal work injuries recorded in the United States, a 3.7-percent decrease from 5,486 in 2022, the U.S. Bureau of Labor Statistics reported. The fatal work injury rate was ...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with U.S. liability claims increasing by 57 percent during the past decade and nuclear verdicts rising in ...
New Specialty Insurer Says Collector Car Owners Are Being Overcharged
Classic and collector car insurer OpenRoad says that because standard auto insurers continue to recover from unprecedented losses experienced during COVID-19 due to spikes in catastrophic insurance ...
Southern U.S. Cleans Up After Tornadoes Swept Region
Cleanup was underway Monday after a strong storm system spawned hail, rain, high winds and tornadoes across the southern U.S. over the weekend, killing at least four people. As of Monday afternoon, ...
The War on Wildfires Is Going High-Tech
Last December, a farmer was burning dry grapevines in his vineyard in Deir Mar Moussa, a hill town a dozen miles east of Beirut known for its 18th century monastery and stands of pine forest. Usually ...
Loss-Free Property Cat Rates Fall 5-15% as Reinsurer Appetite Grows: Guy Carpenter
Global reinsurers' appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5-15 percent for loss-free accounts, ...
Inside Luxury Goods’ Broken Workplace Safety Audit System
LVMH-owned Dior's production arm in Italy, Manufactures Dior, relied on formal inspections to assess working and safety standards inside its supply chain last year. In some cases, such certifications ...