MarketScout: 2023 US Commercial Composite Rate Up 4.56% January 10, 2024 According to the MarketScout Market Barometer, U.S. commercial property/casualty insurance rates rose 5.6% in the fourth quarter of 2023, resulting...
NCCI: Shifting Workplace, Costs Are Top Concerns for Workers’ Comp Execs January 10, 2024 A new survey finds ratings data, changes in the workplace and workforce, medical inflation and economic uncertainty are top of...
New Contractor Rule to Be Unveiled Soon That Could Upend Gig Economy January 9, 2024 By Daniel Wiessner and David Shepardson The administration of U.S. President Joe Biden will release a final rule as soon as this week that will make...
Climate Change, Nuclear Verdicts Worry Wealthy North Americans: Chubb Survey January 9, 2024 By Allen Laman A new Chubb report has found that 76% of wealthy Americans and Canadians believe exposure to extreme weather due to...
Insured Price Tag for Natural Disasters Was $95B in 2023 With Economic Cost of $250B January 9, 2024 By L.S. Howard Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that...
Viewpoint: Cyber Insurance Market Themes to Look Out for in 2024 January 9, 2024 By Oliver Brew, Lockton Re After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s...
OpenAI Claims New York Times Isn’t ‘Telling the Full Story’ in Suit January 9, 2024 OpenAI publicly addressed a lawsuit from the New York Times in a strongly worded blog post on Monday, saying the...
SCOTUS Declines to Hear Exxon, Koch Industries Appeal on Venue in Climate Case January 9, 2024 By Clark Mindock The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade...
Airlines Cleared to Inspect Grounded Boeing Jets After Mid-Air Incident January 8, 2024 By Valerie Insinna and Joanna Plucinska A delay in the inspection of grounded Boeing jets ended on Monday after U.S. officials retrieved a panel that blew...
J&J to Pay $700 Million to Settle States’ Talc-Marketing Probe January 8, 2024 By Jef Feeley Johnson & Johnson has tentatively agreed to pay about $700 million to resolve an investigation by more than 40 US...