A ruling issued by a New Jersey court docket that addresses the issue of “silent cyber,” in which cyber protection is not explicitly included, is expected to be influential in switching the common war clause exclusion in non-cyber guidelines. Merck & Co. sued a Chubb Ltd. unit trying to get protection […]
Insurers
Administrators and officers liability insurers are most likely to deal with extra lawsuits just centered on the sheer amount of specific function acquisition organizations that went general public in the United States previous calendar year. SPACs, also known as blank examine businesses, are publicly traded shell corporations fashioned to elevate […]
(Reuters) — Some of the world’s largest insurers are bracing as a next wave of multimillion-pound lawsuits, brought by battling British pubs, dining places and bakery chains above lockdown losses, will start hitting London’s courts subsequent 7 days. Zurich, MS Amlin, Liberty Mutual, Allianz and Axa are among individuals due […]
The 6.8{1b90e59fe8a6c14b55fbbae1d9373c165823754d058ebf80beecafc6dee5063a} annual increase in the consumer price index reported last week provided more evidence of higher inflationary trends in the United States, but economists and insurance industry executives say the higher prices may be only a short- or medium-term issue for the sector. The COVID-19 pandemic is the main […]
Cyber insurance is projected to grow because it has been largely profitable for insurers and is seen as insurable by reinsurers, even as ransomware attacks accelerate, panelists said Thursday at the Insurance Information Institute’s Joint Industry Forum 2021 in New York. They also suggested that the federal government play a […]
The excess and surplus lines insurance market has an opportunity to increase diversity in the industry, executives said during a panel discussion Thursday at the Wholesale Specialty Insurance Association’s Annual Marketplace in San Diego. The industry needs to be diligent and understand that a diverse workforce is going to bring […]