News
New Federal Rule Tightens Worker Classification Standards
The Biden administration enacted a new labor rule Tuesday that aims to prevent the misclassification of workers as "independent contractors," a step that could bolster both legal protections and ...
Trueman Joins CFC as CUO After Recent Management Shakeup
CFC, the specialist managing general agent, announced that Dan Trueman has joined the business as chief underwriting officer (CUO). After the company's recent management shakeup, the current CUO, ...
Extreme Weather and Misinformation Top Global Risks: World Economic Forum
Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the next couple of years, a World Economic Forum (WEF) survey released on Wednesday said. While ...
When Higher Pricing <> Underwriting Profit or Double-Digit Returns
In spite of premium increases that primary insurance carriers will record for 2023, the U.S. property/casualty industry as a whole won't report an underwriting profit or a double-digit return for the ...
Climate Change, Nuclear Verdicts Worry Wealthy North Americans: Chubb Survey
A new Chubb report has found that 76 percent of wealthy Americans and Canadians believe exposure to extreme weather due to climate change is among the biggest threats to their homes. Sixty-three ...
Verisk: Insured Losses From 7.5M Japan Quake Between $1.8B and $3.3B
The Extreme Event Solutions business unit of Verisk estimates insured property losses resulting from the Jan. 1, 2024, 7.5 magnitude Noto Earthquake will range between $1.8 billion and $3.3 billion ...
North Carolina Home Insurance Premiums Could Rise by 42%
Another round of setting homeowner insurance policy rates in North Carolina has begun with the industry seeking a 42.2 percent average statewide premium increase that would begin in the summer. The ...
Google Defends Against $1.67B Demand in AI-Related Patent Trial
Alphabet's Google went before a federal jury in Boston on Tuesday to argue against a computer scientist's claims that it should pay his company $1.67 billion for infringing patents that allegedly ...