Ransomware, Extortion Claims See ‘Worrying Resurgence,’ Says Allianz
Following two years of high but stable loss activity, 2023 has seen a "worrying resurgence" in ransomware and extortion claims as the cyber threat landscape continues to ...
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Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade
Lloyd's of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the ...
Oklahoma Tops List of 10 States Most Prone to Disaster
A new series, "The Damage Report," highlights states other than California, Florida and Texas, which suffer from a higher volume and wider variety of disasters, as multi-peril disaster insurance ...
Allstate Redesigns Mobile App
Allstate announced updates to its mobile app, adding more features such as an affordable gas finder called GasBuddy, a parking reservation platform called SpotHero, a climate risk resource to guide ...
Judge Rules Workers Comp Doesn’t Apply in Case Involving Teacher Shot by 6-Year-Old
A teacher who was shot by her six-year-old student in Virginia can press forward with her $40 million lawsuit against a school system over claims of negligence by school administrators, a judge ruled ...
Bad-Faith Payouts Are Penalties, Not Insurance Benefits, Florida Supreme Court Says
Randy Willoughby's lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury ...
Climate’s ‘Catch-22’: Cutting Pollution Will Accelerate Global Warming
Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate ...
AIG Continues to Take Cautious Approach to Excess D&O in North America
Though American International Group (AIG) saw a turnaround in underwriting income in the third quarter, driven largely by business in North America, the company's chief ...
Aon: Homeowners ROE Improved with Timely Rate Hikes
A new report on the state of the homeowners market in the U.S. highlights how insurance carriers used timely rate actions to thwart residual inflationary pressures, improving the overall prospective ...