Directors & Officers’ Insurance Rates Surge on Fears of Coronavirus Litigation August 11, 2020 By Carolyn Cohn Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters...
Marine Insurance Losses Likely to Be Under $250M from Beirut Port Blast: Carpenter August 11, 2020 Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port...
Average Commercial Insurance Prices Rose 19% in Q2: Marsh Index August 10, 2020 Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen....
Global Commercial Insurance Rates Up 19% on COVID-19, Other Large Losses: Marsh August 10, 2020 Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the latest Global Insurance Market...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
New Risk to Global Supply Chains Emerges as Weary Crews, Stuck Offshore, Halt Work August 7, 2020 By Aaron Clark and Annie Lee A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking...
Americans Becoming More Leery of Autonomous Technologies August 7, 2020 By Tina Bellon Americans are becoming less comfortable with the idea of driverless transportation. A new report from an American Automobile Association (AAA)...
Insurance Agents Think They Offer Value. But Some Customers Have a Different View. August 7, 2020 Business owners and consumers are rethinking their finances and insurance needs due to the current economic uncertainty. However, new research...
The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone: Viewpoint August 6, 2020 By Dan Epstein Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after...
After Beirut Port Explosion, AM Best Comments on Potential Insurance Exposures August 6, 2020 The devastating explosion at the Beirut’s port on Tuesday, Aug. 4 caused many casualties and considerable damage, but local insurance...