Claims & Reserving
Employers Adapting to New World of Worries
The past few years have been filled with newer exposures when it comes to employment practices liability insurance (EPLI). Along with significant disruptions in workplaces due to COVID-19, employers ...
PFAS, Microplastics, Baby Food: Emerging Casualty Risks Keep Coming
There is no longer a need to ponder the "next asbestos" because the current litigation environment and the recent pace of additions to the list of emerging risks and trends in casualty insurance is ...
BOC Aviation Says Lessors Seeing ‘Horrendous’ Hikes in Insurance Costs
The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to "horrendous" hikes in the cost of renewing policies, the chief executive of major ...
March U.S. Tornado Activity Likely to Set Record
It appears there were more tornadoes across the U.S. this year in the month of March than ever before — possibly by a large margin. According to the National Oceanic and Atmospheric ...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by ...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re
More than 50 severe flood events around the world caused combined economic losses of $82 billion in 2021, while insured losses stood at slightly more than $20 billion—more evidence of a large ...
J&J’s Victory Over Cancer Victims Clears Path for 3M, Others
A court ruling allowing Johnson & Johnson to use a controversial bankruptcy strategy to force cancer victims into potential settlement talks has raised the odds that other companies facing costly ...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms
Russia's move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively ...