Claims & Reserving
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon
Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50 percent (or $14 billion), was covered by public and private insurers, ...
This Year’s Hurricane Season Likely to Be Wetter, Just Like 2020
Climate change made the 2020 Atlantic hurricane season noticeably wetter, and it will likely make this season rainier, too, scientists said. Human-caused climate change made the entire season drop ...
Advanced Hackers Have Shown Ability to Hijack Critical Infrastructure
Advanced hackers have shown they can take control of an array of devices that help run power stations and manufacturing plants, the U.S. government said in an alert on Wednesday, warning of the ...
CEO of Rental Giant Hertz Vows to Fix False Theft Reports
The new CEO of Hertz says he's working to fix a glitch in the rental-car giant's systems that has led to some of its customers being wrongly accused of stealing cars they had rented. Stephen Scherr, ...
Accounts Deceivable: Email Scam Costliest Type of Cybercrime
It's a crime that siphons untold billions from the economy—but many people have never heard of it. Business email compromise scams involve criminals hacking into email accounts, pretending to be ...
Insurers Found Liable for $101M Payment Into Lead Paint Abatement Fund
Taking a calculated risk by selling a hazardous product isn't the same as intentionally causing harm. For that reason, insurers must cover a court judgment that requires the company that sold Dutch ...
Non-Modeled Disaster Losses Are Growing Component of Insurance Claims: RMS
Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled characteristics of disasters, which are altering the industry's ...
Employers Adapting to New World of Worries
The past few years have been filled with newer exposures when it comes to employment practices liability insurance (EPLI). Along with significant disruptions in workplaces due to COVID-19, employers ...