‘A Tale of Two Halves’ for Insurance Mergers, Acquisitions in 2022 February 20, 2023 Last year was a tale of two halves for insurance mergers and acquisitions. OPTIS Partners reports 987 agency mergers and...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points February 20, 2023 By L.S. Howard Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils,...
The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage? February 6, 2023 By William Rabb When aging water pumps in Jackson, Mississippi, were shut down by floodwaters last August, knocking out water service to most...
What Ancient Roman Firefighting Can Teach Us About the State of Commercial Insurance Today February 6, 2023 By Erin Ashley There are rare moments in one’s professional life when you can take what you were taught in childhood into present-day...
Geico Saves $5.2M as Award to Woman Who Contracted STD in Car Is Overturned February 6, 2023 Geico is off the hook, at least for now, from paying a Missouri woman $5.2 million because she said she...
Closed Ill. Plant’s Ex-Operator Settles Suits for $408M February 6, 2023 The former operator of a suburban Chicago medical equipment cleaning plant has agreed to pay $408 million to settle hundreds...
Wisconsin Barley Supplier Fined $174K for Exposing Workers to Hazards February 6, 2023 A Wisconsin company that supplies malt barley to major craft breweries, home breweries, and other spirit and food production in...
Florida Adjusters Say No Response From State Officials After They Alleged that Insurers Have Doctored Their Damage Reports February 6, 2023 By William Rabb Almost two months after three independent adjusters told Florida lawmakers that insurance carriers have frequently doctored their damage assessment reports,...
$930M to Curb Western U.S. Wildfires Crisis February 6, 2023 By Matthew Brown The U.S. is directing $930 million toward reducing wildfire dangers in 10 western states by clearing trees and underbrush from...
Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer February 6, 2023 Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row. That’s according...