U.S.
As Rates Keep Hardening, Global Reinsurance Sector Receives ‘Stable’ Market Outlook
The outlook of the global reinsurance sector is "stable," which is mainly a reflection of hardening pricing conditions and tighter terms and conditions, according to AM Best and Fitch Ratings in two ...
Munich Re Will No Longer Cover Events Axed Due to Pandemics
German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on Tuesday. The world's largest resinsurer is making the change after it faced ...
Automated Police Drones Raise Privacy Concerns, and Other Risk Alerts
Police can now dispatch flying drones to answer 911 calls with the press of a button. Coastal cities in the U.S. could be facing a new housing crisis in the next few decades. Some ransomware gangs ...
Lemonade Pushes Into France With Renters Insurance
Lemonade has started selling renters insurance in France, the third European country into which it has expanded so far. Residents of France can now purchase the coverage using any device, at any ...
U.S. Air Pollution Monitoring Network Falls Into Disrepair: GAO Report
The U.S. air pollution monitoring network has fallen into disrepair after years of budget cuts and neglect, leaving tens of millions of Americans vulnerable to undetected bad air quality from events ...
Moderation Possible After U.S. Commercial Insurance Rates Climb Again in Q3
For the second quarter in a row, U.S. commercial lines insurers enjoyed average rate hikes that neared 10 percent, according to Willis Towers Watson's Commercial Lines Insurance Pricing Survey for ...
How to Avoid Bad Faith Damages in COVID First-Party Property Lawsuits
As observed from the numerous COVID-19 first-party property cases that have already been filed, insureds are claiming insurers have denied their business interruption claims in bad faith. Whether the ...
Bankrupt N.Y. Retailer Sells $175M COVID Claim Insurers Won’t Pay
There's an unusual asset up for grabs in Century 21 Stores' going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for ...