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Markets/Coverages: Evertas to Offer Largest Crypto Insurance Policy With Coverage Up to $420M

Jun 2 2023 // London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the...

Rise in Fires, Ukraine-Russia Fallout Top Concerns for Shipping Industry: Allianz Report

Jun 2 2023 // The maritime sector experienced fewer total losses of vessels in 2022 while the number of shipping incidents remained relatively consistent, according to a recent report. Allianz Global Corporate & Specialty (AGCS)...

Report: Medical Professional Liability Headwinds Continue Despite Improvement in 2022

Jun 2 2023 // A recent report by the Medical Professional Liability Association shows the medical professional liability insurance sector’s combined ratio improved from 108.1% in 2021 to 102.2% in 2022 – marking the...

Survey: 17% of Louisiana Homeowners Lost Coverage in 2022

Jun 2 2023 // A survey published this week by Louisiana State University (LSU)’s Manship School of Mass Communication found that 17% of residents reported their provider cancelled their policy in 2022. The results are part of the...

Cyber Insurance: A Growth Market for Insurers With Some Caveats

May 31 2023 // As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today’s DBRS Morningstar’s commentary on the...

Viewpoint: Could Increasing Ransomware Frequency Bring Back Repeat of Hard Market?

May 25 2023 // Insurance pricing is cyclical. When loss ratios are sustainably higher, over time prices rise in response, creating a hard market. The last hard market in cyber was in 2021 when an onslaught of ransomware and high-profile...

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