News
Aging Oil-Storage Ships Pose Safety, Environmental Risks Around the World
The decades-old oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and spewing its contents into the Atlantic Ocean — is one of many vessels of similar ...
Cyber Market Primed to Grow and Eclipse Property by 2040: Gallagher Re
Following a pause to stabilize the vessel, the cyber market is poised for a wave of growth that could make it larger than the property-catastrophe market by 2040, said Gallagher Re. In fact, if the ...
Travelers Acquires Tech Assets of InsurTech Trōv
Trōv, an early InsurTech that started life as a creator of micro-duration policies and evolved into an embedded insurance specialist, announced this morning that The Travelers Companies will acquire ...
MLTPLY Co-Leads $3.3M Investment in Mobility Insurance Startup Stable
MLTPLY, a company that helps InsurTech entrepreneurs bring their ideas to market, and Brooklyn Bridge Ventures have co-led a $3.3 million investment in Stable Insurance, an InsurTech startup using ...
ESG Litigation Over Social Issues Is Poised to Rise
Climate-related lawsuits like those filed against energy companies Exxon Mobil Corp., Shell Plc and PG&E Corp. have dominated ESG litigation in recent years. But there are signs an increase in ...
COVID Underscores Lack of Whistleblower Protections
Originally posted on Stateline, an initiative of The Pew Charitable Trusts. Inside a partially completed Amazon warehouse here, workers last summer walked on conveyor belts four stories high without ...
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to ...
Sackler Family Proposes Up to $6B Opioid Settlement
The Sackler family owners of Purdue Pharma LP have proposed a new and larger settlement worth up to $6 billion to resolve allegations that the OxyContin maker and its owners contributed to the deadly ...