Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday. Two seafarers …
Business interruption was rated as the most dire risk to global businesses in 2020, according to risk management experts in 92 countries surveyed by Allianz Global Corporate & Specialty. Allianz said in its annual Risk Barometer report that business interruption …
Envista Forensics Hires New President Envista Forensics, a global provider of forensic consulting services for insurance claims, has appointed Christina Lucas as president. Lucas will replace Robert Wedoff, who has held the role of president since 2014. Wedoff is transitioning …
Preferred Mutual Appoints Claims Chief Preferred Mutual Insurance Co. has hired Michelle Raue as senior vice president of claims. The carrier, based in New Berlin, New York, said Raue has more than 30 years of claims, operational and leadership experience. …
Beazley Promotes 2 in Claims Team Specialist insurer Beazley has promoted Steven Chang to global head of complex claims and Kati Bynon to global claims leader for health care. The two appointments follow Beth Diamond’s promotion to group head of …
The recent deadly crash of an Uber autonomous car in Arizona highlights the evolving risk related to artificial intelligence (AI). A newly released report by Allianz Global Corporate & Specialty, The Rise of Artificial Intelligence: Future Outlook and Emerging Risks, …
In the new report The Rise of Artificial Intelligence: Future Outlook and Emerging Risks, Allianz Global Corporate & Specialty (AGCS) identifies both the benefits and emerging risk concerns around the growing implementation of Artificial Intelligence (AI) in society and industry, …
Business interruption (42%) and cyber incidents (40%) lead this year’s top business risks, globally, according to the seventh annual Allianz Risk Barometer. Allianz Global Corporate & Specialty (AGCS) announced the findings last week, based on insight from 1,911 risk experts …
Defective product risk is an increasing peril for companies, causing significant financial damage, according to a newly released Allianz Global Corporate & Specialty (AGCS) report. Recall exposures have increased significantly over the past decade, bringing the potential for larger and …
Large shipping losses have declined by 50 percent over the past decade, mostly driven by the development of a more robust safety environment by ship owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping …