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Today's Feature
Risk Management Magazine (2/15/2022)
Over the past two years, the casualty insurance industry has endured significant disruptions brought on by the COVID-19 pandemic. The result has been a transformation of nearly every aspect of our lives from the way we work to how we shop, travel and receive medical care.
Industry News
PropertyCasualty360 (2/23/2022)
Manufacturing was the industry most targeted by hackers during 2021, accounting for 23.2% of incidents, according to IBM Security X-Force research. The sector edged out insurance and financial services by a slim margin. AP News (2/23/2022)
Russia began evacuating its embassy in Kyiv, and Ukraine urged its citizens to leave Russia as the region braced for further confrontation after President Vladimir Putin received authorization to use military force outside his country and the West responded with sanctions. Reinsurance News (2/21/2022)
The fire that emerged on the Felicity Ace cargo ship is believed to have driven expected losses of at least $155 million for car brands Volkswagen, Porsche, Audi, and Lamborghini, according to analysis by risk solutions firm, Russell Group.
Insurance Journal (2/21/2022)
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5% inflation rate. Canadian Underwriter (2/22/2022)
Catastrophic flooding in communities has resulted in an average 8.2% reduction in the selling price of houses — and material implications on insurance, according to a new report by Intact Centre on Climate Adaptation and the University of Waterloo. Rims Resources
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