Private Firefighters Highlight Inequities in California Wildfire Battles
Last October, firefighter Ryan Bellanca and his crew battled to keep the raging Glass Fire from devastating an upmarket Napa Valley vineyard.
But Bellanca wasn't ...Claims / Legal
Loss Reserve ‘Conservatism’ Will Shape the Pricing Cycle
According to our analysis of loss reserves published in mid-March, the year 2020 marked the 15th straight year that the U.S. property/casualty industry's loss reserves developed favorably—by about ...
Does Cyber Insurance Protect Against Hackers or Attract Them?
The ransomware attack on Colonial Pipeline Co. that caused gasoline shortages along the U.S. East Coast also sparked a debate about whether cyber insurance helps protect against marauders — or ...
Federal Ransomware Advisories Create Cyber Insurer Exposure Risks
As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber attackers are using, ransomware has continued to steal the ...
April Hailstorms Jolted U.S. Insurers With Multibillion-Dollar Losses: Aon
Insurers face multibillion-dollar losses from U.S. hailstorms during April, according to Aon's Global Catastrophe Recap report, which each month analyzes the impact of natural disaster events ...
Colonial Pipeline Rebounds From Massive Cyber Attack, Reportedly Has Ransomware Coverage
After a six-day outage, the top U.S. fuel pipeline on Thursday moved some of the first millions of gallons of motor fuels after a crippling cyberattack led to fuel shortages across East Coast states. ...
Planck Pulls in $20M, Plans to Expand AI Data Platform Globally
Planck has attracted $20 million in additional venture capital cash. The InsurTech startup - centered around an AI-based data platform for commercial insurance - plans to use the investment to expand ...
Workers Comp Performed Strongly During Pandemic Even With Premium Plunge
Because of job losses and shrinking payrolls during the pandemic recession, the workers compensation industry's net written premium dropped 10 percent to $42 billion in 2020. However, private ...
Judge Orders Right-Wing Institute to Pay $2.4M to Man Hurt at Charlottesville Rally
A federal judge in Ohio has ordered a right-wing think tank led by white nationalist Richard Spencer to pay $2.4 million to an Ohio man severely injured during a white supremacist and neo-Nazi rally ...