New research highlights the lack of homeowner preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims.
Author: Annie George
Impact of U.S. Government Shutdown on Insurance Industry Will Depend on Duration
A U.S. government shutdown, which would have an immediate impact on the economy, also could directly affect insurers, though the severity would largely hinge on the length of time before Congress reaches a budget agreement, according to a new AM Best commentary.
Supreme Court Takes Case on Social-Media Content Moderation
The Supreme Court on Friday agreed to decide whether state laws regulating content moderation practices of social-media platforms violate the First Amendment, the latest of several cases the justices have taken to define the Constitution’s reach into the digital world.
Toxic Chemicals from Rising Groundwater Threaten Coastal Communities
A little-known climate threat lurks under our feet: rising groundwater that could release toxic chemicals from more than 132,000 contaminated sites in coastal areas of the US.
Investors’ Bets on Mother Nature Are Paying Off Big
How much would you need to be paid to cover the risk of the next massive hurricane or earthquake? Investors in the insurance market have a new answer: Way more than they were before.
Measured Analytics and Insurance Unveils AI-Driven Cyber Insurance Product for SMEs
Measured Analytics and Insurance, a leading U.S.-based cyber insurance MGA, today announced the launch of its latest groundbreaking insurance product, CyberGuard 2023.
The Shadow of Social Inflation Still Looms for U.S. Liability Claims
U.S. liability claims costs have risen by an annual average of 16% over the last five years, well above average rates of economic inflation at around 4%.
McKinsey to Pay $230M in Latest U.S. Opioid Settlement
Consulting firm McKinsey & Co has agreed to pay $230 million in its latest settlement to resolve lawsuits alleging it fueled a US opioid epidemic through its role advising drug manufacturers, according to court documents filed Tuesday.
U.S. Races to Fortify Power Grid Against Extreme Weather
A gusher of cash is starting to pour out of Washington to carry out the Biden administration’s plan to strengthen the U.S. power grid and make it more resilient to outages and extreme weather.
Ship Insurance Facility Set Up for Ukraine Grain Exports, Says Broker Miller
A new marine insurance facility for Ukrainian grain exports using the country’s sea corridor has been set up in conjunction with Ukraine’s authorities, insurance broker Miller said on Tuesday.