Emerging Risks: Could Obesity Lawsuits Become a Major Liability Event?
Public health problems often have the potential to lead to severe and systemic liability losses. This was the case in the massive asbestos and tobacco litigation events ...
Verisk News
Cargo Theft Increases 57% in Q2 2023 Versus Same Period Last Year
There were 582 supply chain events reported across the United States and Canada in the second quarter of 2023, a 57 percent increase when compared to the second quarter of 2022, according to the ...
How to Characterize Emerging Risks for Liability Modeling
This is the second part of a two-part article. In the first part, we defined a framework that can be used to classify both systemic and emerging risks.
While insurers' use of models to analyze and quantify risk is well established in the property space, it's becoming increasingly important in the casualty space. The use ... Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results from global ... Inflation, social inequality, environmental concerns, political polarization and the Russia-Ukraine war are among factors that are leading to an increased risk of civil ... Economic losses for the Feb. 6, 2023, earthquakes in Turkey will likely exceed $20 billion, while insured losses will likely be more than $1 billion, according to Extreme ...
How to Model Systemic and Emerging Risks for Liability Risk Management
Survey: More Americans Demonstrate Willingness to Commit Insurance Fraud
A new survey reveals Americans' tolerance for insurance fraud — and the findings might be surprising. Americans aged 45 and younger show a high level of tolerance for insurance fraud. The ...
The Latest Launches From Verisk, GGA Solutions, NEXT
Verisk, a global data analytics and technology provider, has launched a new rating engine with the aim of helping insurers transform the process of developing new commercial lines products. The new, ...
Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011
War, Inflation, Polarization Driving Global Increase in Political Risk
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates
Tech Bytes: New Partnerships at Verisk, The Digital Insurer, NEXT
Verisk, a global data analytics provider, is expanding its claims ecosystem by teaming up with Tractable, an applied artificial intelligence company. By integrating with Tractable, which uses ...