Risk Management Magazine (12/27/2022)
When a particular source of business risk escalates, and insurance claims for losses stemming from that risk rise accordingly, insurance industry response is generally threefold: more exclusions, more claims denials, and higher premiums/retentions. Companies preparing to maximize recoveries for losses stemming from a cyberattack can take several lessons from a recent case.

Insurance Journal (3/29/2023)
According to a new white paper from the American Property and Casualty Insurance Association, historic high inflation and natural catastrophes are creating the hardest market in a generation for property insurance.

Scientific American (3/23/2023)
Insurers are facing “a crisis of confidence around the ability to predict loss,” Aon PLC President Eric Andersen said at a Senate Budget Committee hearing.

Reuters (3/29/2023)
Fidelity National Financial will pay $3.5 million to settle New York Attorney General Letitia James' claims that the largest U.S. title insurer illegally conspired with rivals not to solicit each other's employees.

Insurance Business (3/29/2023)
Global advocacy coalition Insure Our Future has published its annual letter to the chief executives of major fossil fuel insurers outlining the industry's alleged failures.

Reuters (3/24/2023)
After three years of insurance claims and litigation, the California Supreme Court has agreed to provide guidance on one of the main arguments that insurers make when rejecting COVID-19 business interruption claims.

Insurance Journal (3/24/2023)
According to Gallagher Re, reinsurers’ premium growth averaged 12.1% for full-year 2022 and 10.2% for the fourth quarter, driven by improved pricing for commercial lines and reinsurance business.

Canadian Underwriter (3/27/2023)
Brokers stress the application programming interface (API) solution must reach critical mass, or it will become just one more of many solutions brokers must incorporate into their processes.

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