Mass Shooting Insurance Rates Jump as Incidents Rise June 29, 2022 By Noor Zainab Hussain The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year...
Insurer Travelers’ Profit Beats on Lower Catastrophe Losses April 19, 2022 By Noor Zainab Hussain Property and casualty insurer Travelers Companies Inc. reported a 48% jump in quarterly profit that beat analysts’ estimates on Tuesday,...
AIG Looks at Cutting Insurance for Russia, Ukraine April 8, 2022 By Noor Zainab Hussain and Carolyn Cohn AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from...
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions March 31, 2022 By Carolyn Cohn and Noor Zainab Hussain Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to...
Threat of War in Ukraine Biggest Risk for Insurers of Beijing Winter Olympics February 4, 2022 By Noor Zainab Hussain and Carolyn Cohn The threat of war between Russia and Ukraine is the biggest risk for insurers offering coverage during the Beijing Winter...
Global Life Insurers Adapt Pandemic Risk Models After Unexpected Jump in Claims January 13, 2022 By Carolyn Cohn and Noor Zainab Hussain A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the...
Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021 December 21, 2021 By Noor Zainab Hussain and Carolyn Cohn Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry’s 2021 bill for...
Risky Business: Climate Change Turns Up Heat on Insurers, Policyholders November 12, 2021 By Noor Zainab Hussain and Carolyn Cohn Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned...
New York Directs Two Cryptocurrency Lending Platforms to Cease Activity October 19, 2021 By Noor Zainab Hussain Two cryptocurrency lending platforms were asked to cease activities in New York by the state’s attorney general on Monday and...
Israeli Fintech Pagaya Agrees to Go Public via $8.5B SPAC Deal September 15, 2021 By Sohini Podder, Noor Zainab Hussain and Aakriti Bhalla Israeli fintech Pagaya on Wednesday agreed to go public through a merger with special-purpose acquisition company EJF Acquisition Corp in...