21 October 2019
Damage sustained by an Iranian oil tanker in October will drive insurers to further raise War Risk insurance rates for vessels operating in the Gulf region, adding to a tenfold increase since attacks on tankers in May, according to UK legal firm DWF...
21 October 2019
Failure to replace the US government backstop on terrorism insurance would adversely affect workers’ compensation policies and potentially ripple across the US economy, says John Doyle, President and CEO at Marsh...
14 October 2019
Typhoon Hagibis brought torrential rainfall and flooding to Japan at the weekend, killing more than 30 people, washing away roads and flooding thousands of homes and businesses...
14 October 2019
Last month was the costliest for natural disasters, thanks to Hurricane Dorian and Typhoon Faxai, says Aon’s latest Global Catastrophe Recap report...
14 October 2019
The US wildfire season experienced below-average fire activity this year after abundant spring moisture and below-average temperatures across western states, although large fire potential is expected to persist in California until December...
14 October 2019
Risk assessment methods need to be overhauled to protect companies from global supply chain disruptions as virtual and physical interconnection increases, Lloyd’s and modelling firm Air Worldwide say...
14 October 2019
Global insurance industry mergers and acquisition deals worth $US4.04 billion were announced in August, according to analyst GlobalData...
14 October 2019
Personal lines insurance in the US continued to record rate increases in the third quarter of 4.5%, insurance exchange MarketScout says...
14 October 2019
Munich Re has spent $US250 million to take its stake in Californian start-up Next Insurance to 27.5%...
07 October 2019
The UK Financial Conduct Authority is considering banning what it calls “dual pricing” – where insurers charge loyal customers more than they charge new ones...
07 October 2019
Lloyd's has committed to the development of electronic platforms to handle complex and simple risks following consultation on a three-year strategy to set the market up for the future...
07 October 2019
Insurers could be responsible for cyber-related claims because of “ambiguous” policy wording in standard commercial products such as business interruption covers, according to GlobalData...
07 October 2019
Global reinsurer MS Amlin will exit its business lines and aviation insurance as it seeks to redirect its underwriting resources towards more profitable areas...
07 October 2019
The different sectors at high risk of a cyber security breach vary greatly in their cyber disclosures, a Moody’s report says...
30 September 2019
Lloyd’s has announced a series of measures aimed at improving workplace behaviour after a culture survey it commissioned in May came back with shocking responses...
30 September 2019
Marsh has teamed up with clients and insurers AIG and Euler Hermes to pilot placement of US trade credit policies on a blockchain-based platform...
30 September 2019
Insurers need to devote more resources to disruptive innovation if they want to keep up with insurtech development, Deloitte says...
30 September 2019
The amount of premium returned to policyholders in US mutual insurance companies was five times larger than the return to non-mutuals, the National Association of Mutual Insurance Companies says...
30 September 2019
Insured losses from Typhoon Faxai, which hit Japan in early September, are estimated at $US5-9 billion ($7-13 billion), risk modelling firm RMS says...
30 September 2019
Berkshire Hathaway Specialty Insurance has launched operations in Spain, opening a new office in Madrid...