“The U.S. is more polarized than ever before.”
That’s how one underwriter of political violence coverage described the risk landscape, even before a shooting incident that took place at a Butler, Pa. rally for former President Donald Trump’s 2024 election campaign.
In fact, it’s a historical election year around the world. In this edition, we examine how insurers and reinsurers are preparing for violence tied to elections and ongoing global unrest generally, rethinking coverage in risk areas such as strikes, riots and civil commotion, war, and cyber for the cover story, utilizing new modeling tools to calculate their probable maximum losses and leading polarized workforces.
Insured losses from civil unrest can reach levels equal to some natural catastrophes—and the costs are growing every year. Of particular concern this year is the ...
Amid geopolitical turmoil and an unprecedented election year, insurers are reassessing their coverage strategies in response to the heightened risk of civil commotion, ...
AI is the latest tool in a trend of bad actors trying to spread misinformation to alter opinions, sow discontent or erode trust during election cycles, said Kellam ...
Organizations are faced with a complex mix of risks, regulations, external issues and technological advancements. Aligning strategy, operations, people, processes and ...
Over the last few years, research has shown that an increasing number of employees want to understand the "why"—or otherwise have purpose—behind what they do to be ...
In May 2022, a judge at the U.S. District Court in Texas ruled that IBM had breached a 2015 licensing agreement signed with a competitor, BMC Software Inc., awarding BMC ...
Plastics. What was once the pithy career advice memorably offered in the movie "The Graduate" has some potentially noteworthy similarities to one of today's most ...
When actuary Greg Fears attended a Western Region Captive Insurance Conference in April, he expected to learn and share information about emerging uses of captives for commercial risks, including ...
An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3 percent recorded in 2021. In ...
In early June, Ken Brandt, chair, president and chief executive officer of TransRe, sounded the alarm on brewing troubles in the liability reinsurance market that could ...
As litigation and regulation increase around per- and polyfluoroalkyl substances (PFAS), insurance underwriting is tightening across lines. Insurance professionals who ...
A hard market, resilient domestic macroeconomic conditions and strong underwriting results have elevated specialty commercial carriers to the top of S&P Global Market ...
When the chief executive officer of Plymouth Rock Home Assurance spoke to Carrier Management in mid-July, it just happened to be on a day that online shoppers of books, ...
When Frank Demento received a mailing from managers of his water district on Long Island last year, the news it contained seemed pretty good.
PFAS was a hot topic at the recent Casualty Actuarial Society Seminar on Reinsurance in June. But at a separate meeting held around the same time—the S&P Global ...
A $165 billion high-range estimate of losses from PFAS litigation isn't the only number about cost burdens that casualty actuaries heard at the CAS Seminar on Reinsurance ...
Often forgotten and overlooked when business is humming, the middle manager is typically the first to go when companies, including P/C insurers, decide to downsize. In a related article, "Middle ...
Most insurance organizations are run by left-brain, rational, transactional leaders. Many are actuaries, underwriters, lawyers and former business line leaders. And that ...
The U.S. is in the midst of a contentious campaign season, as former President Donald Trump faces off against Vice President Kamala Harris. Each side has named the other ...
The middle child breaks up fights, mediates disputes, and smooths the differences between older and younger siblings. They carry the weight of family responsibilities and ...
When Iowa mutual GuideOne Insurance began assessing ways to add an infusion of capital to strengthen its balance sheet, the company went to the usual places a mutual of ...
Reserving is, on the face of it, one of the simpler elements of actuarial science (once companies get past the nuances of triangular data tables). They look at the way ...
Just a few weeks before Carrier Management's third-quarter edition went to print, a shooting incident took place at a Butler, Pa., rally for former President Donald ...
