News
Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa
A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond's principal. Jamaica's $150 million cat bond has been the subject of ...
Rear-end Crashes Top Most Common Winter Wrecks: Allstate Canada
New claims data from Allstate Insurance Company of Canada (Allstate Canada) found the three most common types of road collisions are rear-end accidents, lane change incidents, and single vehicle ...
California’s Retail Theft Crackdown Leads to $190M Recovery
An organized retail theft crackdown by the state of California has yielded positive results, according to a recent press release issued by Governor Gavin Newsom. There have been more than 25,000 ...
U.S. Prosecutors Allege Cybersecurity Pros Ran Cybercrime Operation
Prosecutors said three American cybersecurity professionals secretly ran a ransomware operation aimed at shaking down companies across the United States. The three people, only two of whom - Ryan ...
Former Teacher Shot by Student, 6, Wins $10M Jury Verdict Against Ex-Administrator
A jury in Virginia awarded $10 million Thursday to a former teacher who was shot by a 6-year-old student, siding with her claims in a lawsuit that an ex-administrator ignored repeated warnings that ...
Don’t Miss the Risky Future AI Tools for MGAs ‘Demo Day’ on Nov. 12
Insurance Journal's Risky Future series is hosting the "AI Tools for MGAs" Demo Day, a series of free AI tool demosthat give viewers a rapid-fire experience of AI technology tools designed ...
Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth
Zurich Insurance Group is continuing to expand its middle market and specialty footprint by investing heavily this year in targeted recruitment of "top-tier underwriting talent" across the company. ...
KCC Estimates Privately Insured Losses From Hurricane Melissa Will Hit $2.4 Billion
Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured damages to residential, commercial, and ...