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The United States Senate overwhelmingly passed the $1 trillion infrastructure bill in August. The House aims to pass the bill by October. According to an analysis by S&P Global, the bill could add more than 880,000 jobs by 2030. While this is great news for the American economy, it is potentially a headache for property/casualty... read more | |
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| | | Advertisement | | |  | | | | How to Leverage Technology to Drive Profitability | | | Calling all underwriters! Did you know that better tech can enable you to underwrite more profitably?
Two Sigma IQ's data science and engineering expert explains how in this free webinar. | | | | | | | | Two Sigma IQ |
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Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of InsurTech entrepreneurs, Chubb CEO Evan Greenberg was having none of that. read more | |
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Properly classifying risks is an essential component of general liability underwriting. Assigning risks to their correct classification helps ensure you're charging adequate premiums and that you understand the nature of the risk you're adding to your books. The more granular and responsive your classification system ... read more | |
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Wall Street's latest blank-check company promises to be a litigation finance nightmare for property/casualty insurers writing lines such as auto insurance and workers compensation.. MSP Recovery, a Miami-area company that earns revenue by winning lawsuits against insurers, merged with a special purpose acquisition company in July. Last week, MSP and its new partner Lionheart Acquisition... read more | |
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British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd's of London insured many of those vessels, the people chained below deck sometimes categorized as "perishable goods," alongside cattle, by the market's underwriters. Lloyd's involvement in the trans-Atlantic slave trade is not included in the market's permanent exhibition at its modernistic... read more | |
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Although a U.S. Supreme Court decision put an end to climate lawsuits alleging violations of the federal common law of public nuisance, a second round of state actions may get further, researchers said recently. There are two major categories of new evidence that are now available for pleadings, said Stephen Jones, general counsel of Praedicat,... read more | |
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Earlier this week, global insurance and reinsurance broker TigerRisk announced that Co-Founder Rod Fox is transitioning out of his role as chief executive officer to become executive chair. Yesterday, Pinnacol Assurance, Colorado's largest workers' compensation insurer, announced that its President and CEO will retire from that position as of Mar. 31, 2022. *** At TigerRisk,... read more | |
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Cyber attacks may affect more than organizations' pocketbooks. They also can hinder a hospital's care during a crucial moment, a lawsuit filed in Mobile, Ala., claims. The mother of a child who was born during the midst of a 2019 cyber attack argues that Springhill Hospital and a physician failed to notify her about the... read more | |
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VOOM, an MGA that provides insurance for e-scooters, e-bikes and related devices, has raised $15 million to expand its usage-based insurance model. Cover Whale Insurance Solutions, an Insurtech MGA focused on the commercial auto, recently closed a $15.5 million seed round. *** VOOM, an MGA that provides insurance for e-scooters, e-bikes and related devices, has... read more | |
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A federal appellate court reversed a rare policyholder win in a COVID-19-related business interruption claim, once again holding that government orders that restrict the use of a property do not constitute a "direct physical loss or damage" that requires coverage. A panel of the 6th Circuit Court of Appeals in late September vacated a decision... read more | |
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Warming ocean waters have caused a drop in the brightness of the Earth, according to a new study. Researchers used decades of measurements of earthshine—the light reflected from Earth that illuminates the surface of the moon—as well as satellite measurements to find that there has been a significant drop in Earth's reflectance, or albedo, over... read more | |
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