It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says September 2, 2022 Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new...
US Asks Farmers: Can You Plant 2 Crops Instead of 1? September 2, 2022 By Scott McFetridge There is only so much farmland in the United States, so when Russia’s invasion of Ukraine last spring prompted worries...
Paper Finds Employers Increasingly Willing to Hire Workers With Criminal Records September 2, 2022 By Oxford University Press Newswise — A new paper in The Quarterly Journal of Economics, published by Oxford University Press, indicates that many American...
Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens September 2, 2022 By Noor Zainab Hussain and Carolyn Cohn Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration lingered...
FDA Chief Says Opioid Review Still in the Works September 1, 2022 By Matthew Perrone A long-awaited review of prescription opioid medications, including their risks and contribution to the U.S. overdose epidemic, is still underway...
Markets/Coverages: Beazley, Paragon Partner on Weather Guard; Praedicat, Experian Collaborate on D&O Models; Armadillo Expands With 100 Agencies September 1, 2022 Beazley to enter distribution partnership with Paragon for Weather Guard Specialty insurer Beazley announced a new, efficient and effective online...
Hippo Cuts Staff 10%; 70 Jobs Eliminated September 1, 2022 As part of an “organizational realignment,” Hippo Holdings Inc. said that it is eliminating roughly 70 jobs from the company,...
Mapping US Coastlines May ‘Drive More Equality’ in Climate Adaptation Policy September 1, 2022 By Aaron Clark A Canadian technology company is using aerial imagery to build high-precision maps of US shorelines that will be used to...
Starbucks Executives, Directors Are Sued Over Diversity Policies September 1, 2022 By Jonathan Stempel Starbucks Corp. executives and directors have been sued by a conservative think tank that believes the coffee chain’s efforts to...
More Frequent, More Expensive Cyberattacks Spur US Spending on IT September 1, 2022 A new study from insurer Hiscox shows that cyberattacks on U.S. businesses are more frequent and more expensive than ever...