Wisconsin Average Indemnity Benefit Grew 10% in 2022: Study June 17, 2024 Wisconsin’s average indemnity benefit per claim grew nearly 10% in 2022, fueled by large growth in the average duration of...
California Supreme Court Resolves Question on Coverage for COVID Business Shutdowns June 17, 2024 The California Supreme Court resolved a question about insurance coverage for COVID-19 business shutdowns in the issue of a virus...
Mars Loses Appeal to Undo Dismissal of COVID-19 Business Loss Claims June 17, 2024 Petcare, food and candy company Mars Inc. has lost its bid to revive its claims against Factory Mutual Insurance Co....
People Moves: Krause Group Names Westervelt Vice President of Sales June 14, 2024 Krause Group, headquartered in Des Moines, Iowa, named Holly Westervelt to the newly created role of vice president of sales,...
Broker Clear Group Buys UK Credit Insurance Specialist Rycroft Associates June 14, 2024 The Clear Group, the London-based independent broker, announced it has acquired the book and assets of credit insurance broker Rycroft...
Singapore’s Income Insurance, Allianz in Talks on Potential Transaction June 14, 2024 Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it...
Insured Flood Losses in Germany Could Range From US$2.1B to US$3.2B: Moody’s RMS June 14, 2024 Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 will likely fall within...
Hurricane Season Ushered in With a Deluge in South Florida June 14, 2024 Dangerous flooding from a tropical disturbance inundated much of southern Florida on Wednesday, blocking roads, floating vehicles and delaying the...
Marsh: Cyber Extortion Reached Record High in US and Canada in 2023 June 14, 2024 Multiple companies in the U.S. and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands,...
Analysis: Underwriting Loss Estimates Highlight Ongoing Challenges for US P/C Industry June 14, 2024 The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, highlighting the challenges the industry faces...