News
Hard Market Moderating; Rate Decreases Possible By Q2: Report
While the hard market is continuing at "a tempered pace," with continued deceleration of price increases for many commercial insurance lines, "in Q2 we might even begin to see rate decreases," a ...
State High Court Slams Insurer for Forum Shopping in Opioid Case
The West Virginia Supreme Court has decided that a trial court has the authority to reach across the continent and halt an insurance carrier's litigation in California, a move that could affect other ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Changes at the Top at Marsh McLennan, Marsh and Guy Carpenter
On Thursday, Marsh McLennan announced changes to its executive committee effective January 1, 2022. The company has promoted John Doyle to group president and chief operating officer of Marsh ...
China Rules Target Perpetual Bonds Issued by Insurers
China's central bank and banking and insurance regulator issued draft rules on Friday on the issuance of perpetual bonds by country's insurance companies. The new rules aims to improve the capital ...
Digital Appeal Waning; Insurance Claimants Heading Back to Humans
Policyholders are starting to pull back from digital channels as the COVID-19 pandemic eases and revert to in-person ways to file insurance claims, a senior executive at Zurich Insurance Group told ...
Insurers Pull Back on Cyber Cover as Ransomware Losses Mount
LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. ...
From Fire to Floods, Climate Change Challenges Canada’s Fragile Supply Chain
The massive rains that unleashed floods and mudslides in the Canadian province of British Columbia exposed the country's supply chain vulnerability as crucial railways and roads were severed from the ...
Risk Management Implications of the Infrastructure Bill
The U.S. Senate has passed a $1.2 trillion bill known as the Infrastructure Investment and Jobs Act. The bill is now in the hands of the House of Representatives, where its fate is intertwined with ...