AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry
The recent 15-hour or so outage at Amazon Web Services (AWS) again raised questions about the potential for systemic loss to the cyber insurance market, but losses ...
Commercial Lines
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24
As a group, the top 50 global property/casualty insurers grew premiums by 8.3 percent in 2024, but four of them, individually, grew by more than 20 percent, including Progressive which vaulted into ...
Inflation, Supply Chains, Tariffs: Trends Impacting Business Insurance and Claims
Inflation has been a persistent issue in the United States, though it has moderated since its peak during the COVID-19 pandemic, while supply chain disruptions for equipment and other goods continue ...
Rotting Apple: Berkley Explains Property Market, Company Appetite
Analysts trying to reconcile third-quarter premium jumps reported by line of business for W.R. Berkley Corporation with the CEO's opening remarks during an earnings conference call this week may well ...
‘Massive Legal Siege’ Against Social Media Companies Looms
Thousands of plaintiffs' complaints, millions of pages of internal documents and transcripts of countless hours of depositions are about to land in US courtrooms, threatening the future of the ...
All Commercial Insurance Lines Except One in ‘Soft-Market Territory’: WTW
Moment of opportunity. Clear horizons. The latest WTW Marketplace Realities report, published in early October, is heavy on descriptions of a "unique and promising" inflection point for commercial ...
Cyber Insureds Gain Ground on Attackers, But Holidays Bring Heightened Risk: Report
Large insured companies that have strengthened their cybersecurity preparedness and response capabilities are becoming increasingly resilient against cyberattacks, helping mitigate some large cyber ...
Workers Compensation Continues to Lead P/C Industry With Strong Profits
Although economic uncertainty could affect insurers in the near to midterm, the workers compensation line continues to be a key driver of the profitability of the entire property/casualty insurance ...
Civil Rights Agency Drops a Key Tool Used to Investigate Workplace Discrimination
The U.S. civil rights agency responsible for enforcing worker rights will stop investigating complaints about company policies that don't explicitly discriminate but may ...
