Aon plc, announced the firm’s multi-year collaboration with Asia Pacific climate data and analytics provider AbsoluteClimo, helping to advance climate modelling and inform better decisions as organizations navigate emerging volatility from climate-based perils.
Author: Annie George
Cyber Reinsurance Premiums Must Triple by 2030 to Meet Growth Expectations: Howden
“Whilst cyber reinsurance premiums are currently in the range of $6 billion, they would need to increase more than three times over in order to fulfill growth expectations by the end of the decade.” analysts at international insurance broker Howden suggest.
Fox Reaches $12M Settlement with Former Producer Who Sued Company Over ‘Toxic’ Workplace
Fox Corporation has reached a $12 million settlement in a lawsuit from a former Fox News producer who alleged a culture of misogyny at the network.
Liberty Mutual, Auto-Owners Lead Commercial Auto Premium Growth in Q1
U.S. commercial auto insurance premiums increased year over year in the first quarter of 2023, with Liberty Mutual Holding Co. Inc. and Auto-Owners Insurance Co. Inc. posting the biggest growth, according to an S&P Global Market Intelligence analysis.
Tech & Advanced Digital Marketing Driving Increased Claims Litigation Against Insurers
The latest Artemis live video interview from Reinsurance News’ insurance-linked securities (ILS) focused sister publication, delves into the world of technology enabled claims instigation, which the Co-founders of 4WARN Inc. explained is resulting in both higher claims and litigation.
Law Firms Are Recruiting More AI Experts as Clients Demand ‘More for Less’
As clients demand more for less, law firms are hiring growing numbers of staff who’ve studied technology not tort law to try and stand out from their rivals.
Vermont Schools Sue Monsanto Over Toxic PCB Contamination
Last year, Vermont became the first state in the country to require older schools to test their indoor air for polychlorinated biphenyls, which were used in building materials and electrical equipment before 1980.
BNSF Gets New Trial in Truckers’ Biometrics Case
A federal judge has vacated a jury’s decision to order BNSF Railway to pay $228 million for requiring truck drivers to scan handprints to verify their identities at secured rail yards, which they claimed violated their rights under Illinois’ biometric privacy law.
Ransomware Criminals Are Dumping Kids’ Private Files Online After School Hacks
Complete sexual assault case folios containing these details were among more than 300,000 files dumped online in March after the 36,000-student Minneapolis Public Schools refused to pay a $1 million ransom.
U.S. Property Catastrophe Reinsurance Rates Rise Up to 50% on July 1: Report
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes.