Escalating threats on multiple fronts are creating a ‘polycrisis’ of risk, with increased economic volatility, geopolitical upheaval and the disruptive force of AI driving the corporate threat level to its highest in 12 years, a new report shows. A survey …
Gallagher Bassett Appoints Transportation Leader Gallagher Bassett Speciality has appointed Doug Betkowski as senior vice president and transportation practice leader for its major case unit. Betkowski will focus on severe, complex and high-exposure claims for GB, an international provider of …
Cyber attacks and data loss are the top two risks facing directors and officers, with pandemic-related changes in working practices heightening these concerns, according to a global survey from broker Willis Towers Watson and law firm Clyde & Co. Covering …
Though it’s estimated that by 2025 auto insurance premiums will drop by $25 billion as a result of the adoption of driverless cars, the insurance market is expected to recover through new lines of coverage, according to a report by …
The impact of Arizona beef distributor JBS Tolleson’s recent recall of nearly 7 million pounds of ground beef sold nationwide has yet to be determined. The recall, prompted by 57 cases of salmonella across 16 states, will likely lead to …
The aftermath of this year’s hurricanes includes massive reconstruction across the impacted areas, which in turn creates an increased possibility for construction defect claims that would affect the liability insurance market. When Hurricane Harvey swept over large portions of Texas, …
Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Weather stations and satellite images are helping to make parametric coverage an increasingly affordable and …
Harvey’s lengthy stay over Texas and Louisiana, first as a hurricane and then as a tropical storm, will result in considerable losses for businesses located in both states. According to Finley Harckham, a shareholder in the Insurance Recovery Group at …
Global merger and acquisition activity among insurers dropped 29 percent in the year through June as falling pricing and lower investment returns tempered demand, according to law firm Clyde & Co. Some 362 transactions were completed from July 2012 to …