U.S.
Insurers Join Initiative to Slash Carbon Emissions From Global Shipping
Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the ...
Tornado Losses Could Reach $5B But Should Be Manageable for Insurers: Experts
The late-season tornado outbreak that caused destruction across six states last weekend is expected to generate significant economic and insured losses, but it's unlikely to be a capital event for ...
Swiss Re Estimates Global Insured Catastrophe Losses of $112B for 2021
Natural catastrophes caused global insured losses of $105 billion in 2021—the fourth highest since 1970, according to Swiss Re Institute's preliminary sigma estimate. This was up from $90 billion ...
7th Circuit Affirms Dismissal of 4 COVID-19 Business Interruption Lawsuits
In four separate decisions, a panel of the 7th Circuit Court of Appeals joined four other federal appellate courts in ruling that SARS-CoV-2 does not cause a direct physical loss or damage that ...
Insured Loss From Tornado Outbreak Estimated at $3 Billion by KCC
The insured loss from the Dec. 9-12 tornado outbreak that devastated parts of central U.S. has been estimated to be about $3 billion. Catastrophe modeling firm Karen Clark & Company said its ...
Tornadoes That Ripped Across Central U.S. Could Be Costliest Outbreak on Record
A group of tornadoes that tore across the central U.S. on Dec. 10 and 11 resulted in widespread damage in several states and could serve as the nation's costliest tornado outbreak on record. "Based ...
Easing Supply Chains, Other Factors Could Rein in Inflation: Economists
Inflation is painfully high, but this hopefully is close to as bad as it gets. Consumer prices rose 6.8 percent for the 12 months ending in November, a 39-year high. Many economists expect inflation ...
Generali Links With Accenture, Vodafone to Provide Cyber Insurance Services
Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and small and medium-sized enterprise (SME) clients. The services include ...