Insurance Unlikely to Cover All Shipowners’ Expenses Incurred in Suez Closure Chaos March 30, 2021 By Jonathan Saul and Carolyn Cohn The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at...
Number of Independent Agencies Dips a Bit: Future One Study March 30, 2021 Despite continued robust agency mergers and acquisitions activity, the number of independent insurance agencies has remained stable at 36,000, a...
Suez Canal Blockage Likely to Bring Large Losses for Global Reinsurers: Fitch March 29, 2021 The blocking of the Suez Canal and resulting disruption to global shipping is likely to cause a large loss event...
Update: Stranded Container Ship Is Refloated; Suez Canal Shipping Traffic Resumes March 29, 2021 By Yusri Mohamed, Nadine Awadalla and Aidan Lewis ISMAILIA, Egypt – Shipping was on the move again late on Monday in Egypt’s Suez Canal after tugs refloated a...
Suez Canal Blockage Could Cost Global Trade $6B-$10B per Week: Allianz March 26, 2021 BERLIN – The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week,...
Industry Loss Reserves Redundant by $28 Billion: Assured Research March 24, 2021 By Susanne Sclafane Analysts at Assured Research delivered some surprises in a report on property/casualty insurance industry loss reserves Monday, finding that reserves...
Oliver Wyman Predicts COVID Herd Immunity for U.S. by Mid-Summer March 16, 2021 The U.S. will reach herd immunity threshold when more than 71% of the U.S. population has been exposed to COVID...
A U.S. Storm that Will Break Insurance Records – and Other February Storms, Quakes March 15, 2021 February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become...
Report: California Comp Virus Claim Volume Plummeted in February March 12, 2021 The wave of COVID-19 claims that hit the California workers’ compensation system at the end of 2020 has subsided for...
Insurance Safety Institute Finds Adaptive Cruise Control Raises Fatal Crash Risk March 12, 2021 By Tina Bellon Adaptive cruise control systems on cars, which control braking and speed, raise the risk of traffic crashes because the technology...