Hard Reinsurance Prices Likely to Last Longer Than in Previous Market Cycles: Report August 15, 2024 By L.S. Howard Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly due to persistently high claims...
US Undercounts Bird Flu in Cattle as Farmers Shun Testing August 15, 2024 By Leah Douglas and Tom Polansek The U.S. bird-flu outbreak in dairy cattle is much larger than official figures suggest due to farmers’ reluctance to test...
Update: Severe Typhoon Skims Japan, Disrupting Flight, Train Services August 15, 2024 By Supriya Singh Typhoon Ampil grazed Japan’s main island of Honshu on Friday, prompting cancellations of flights and trains in the middle of...
Hurricane Ernesto Threatens Bermuda, Leaves Puerto Rico in Dark August 15, 2024 By Michelle Ma and Josh Saul Hurricane Ernesto took aim at Bermuda as almost half of Puerto Rico remained without power in the storm’s wake, the...
McKinsey Sees AI Surge Boosting Consulting Amid Industry Slump August 15, 2024 By Ambereen Choudhury McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of...
EY, KPMG Benefit Most From PwC China’s Regulatory Woes August 15, 2024 By Julie Zhu and Xie Yu Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled...
AM Best Upgrades Medical Mutual Insurance Co. of Maine August 15, 2024 AM Best has upgraded the Long-Term Issuer Credit Rating to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength...
Catastrophe Bond Issuance Is Set to Blast Through 2023 Record August 15, 2024 By Gautam Naik Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change,...
Can a Streaming Service Agreement Require Arbitration in a Food Allergy Death? August 15, 2024 By Insurance Journal Staff Reports Florida property insurers considering the expanded use of binding arbitration to settle claims disputes may want to ponder a recent...
Maine Employers Face Possible Damages in Lost Wages Cases Under New Law August 15, 2024 By Patrick Whittle Maine workers will now benefit from a law that allows the state to order businesses to pay back wages as...