Insurance buyers face an uncertain outlook over the next year. While the sharp primary rate increases of the past four years appear to have eased, prices are still rising, and general economic conditions and other market forces may preclude much further easing.
Working from home can be precarious. The household printer is upstairs and the dog lives under my desk, so itÂ’s not a stretch to imagine a scenario where I trip over the dog and/or slip on the stairs as I run up to retrieve a document.
Insurance buyers face an uncertain outlook over the next year. While the sharp primary rate increases of the past four years appear to have eased, prices are still rising, and general economic conditions and other market forces may preclude much further easing.
Working from home can be precarious. The household printer is upstairs and the dog lives under my desk, so itÂ’s not a stretch to imagine a scenario where I trip over the dog and/or slip on the stairs as I run up to retrieve a document.
Bill Mudge has been at the helm of the WorkersÂ’ Compensation Insurance Rating Bureau of California for 11 years as president and CEO, after spending nearly three decades in the insurance industry, mostly in leadership roles.
These charts present the second set of results from Business InsuranceÂ’s annual survey of agents and brokers; the first was published in July.
MONTE CARLO, Monaco — The market for cyber liability reinsurance is stable but is unlikely to grow significantly until more sophisticated underwriting tools are developed to assess the risks, reinsurance leaders say.
Bill Mudge has been at the helm of the WorkersÂ’ Compensation Insurance Rating Bureau of California for 11 years as president and CEO, after spending nearly three decades in the insurance industry, mostly in leadership roles.
Working from home can be precarious. The household printer is upstairs and the dog lives under my desk, so itÂ’s not a stretch to imagine a scenario where I trip over the dog and/or slip on the stairs as I run up to retrieve a document.
MONTE CARLO, Monaco — The market for cyber liability reinsurance is stable but is unlikely to grow significantly until more sophisticated underwriting tools are developed to assess the risks, reinsurance leaders say.
Hurricane Ian is likely to be a significant loss event for the U.S. property/casualty and global reinsurance sectors and is expected to accelerate the firming of property rates in 2023, Standard & PoorÂ’s Global Ratings said in a note Friday.
Boston-based catastrophe modeler Karen Clark & Co. said Friday insured losses from Hurricane Ian in the U.S. and the Caribbean will be close to $63 billion.
The U.S. Equal Employment Opportunity Commission said Friday it has filed suit against emergency transport companies for discriminating and retaliating against applicants and employee first responders who wear beards.
The Department of Labor said Friday that a courier service will pay $575,000 in back wages and liquidated damages to 62 drivers under a consent order for allegedly misclassifying drivers as independent contractors and denying them their rights under the Fair Labor Standards Act.
Specialty Underwriting Insurance Solutions, an excess casualty managing general agent, said Friday it is introducing coverage targeted at real estate owners and real estate investment trusts with large apartment unit portfolios.
Hurricane Ian is likely to be a significant loss event for the U.S. property/casualty and global reinsurance sectors and is expected to accelerate the firming of property rates in 2023, Standard & PoorÂ’s Global Ratings said in a note Friday.
Boston-based catastrophe modeler Karen Clark & Co. said Friday insured losses from Hurricane Ian in the U.S. and the Caribbean will be close to $63 billion.
Suspected Chinese hackers tampered with widely used software distributed by a small Canadian customer service company, another example of a “supply chain compromise” made infamous by the hack on U.S. networking company SolarWinds.
A broker poaching suit, the announcement of the Women to Watch winners and stories about Hurricane Ian all caught readersÂ’ attention this week.
The U.S. Federal Trade Commission on Thursday sued two top pesticide manufacturers for allegedly entering into exclusive contracts with distributors that kept prices paid by farmers artificially high.
British lender Barclays agreed a $361 million penalty with U.S. regulators on Thursday for “staggering” failures that led it to oversell $17.7 billion of structured products, racking up further costs for an error that has blighted CEO C.S. Venkatakrishnan’s first year in charge.
Insurers are bracing for a hit of between $28 billion and $47 billion from Hurricane Ian, in what could be the costliest Florida storm since Hurricane Andrew in 1992, according to U.S. property data and analytics company CoreLogic Inc.
A federal judge in New York on Thursday dismissed Peloton Interactive Inc.Â’s lawsuit against sports fashion brand Lululemon, which had sued the exercise equipment maker accusing it of infringing on its clothing patents for its bras and exercise leggings.