Insurance Czar Has ‘Harsh’ Message About Climate: You May Just Have to Move The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main... Read More
Snowflake Hacker Still Active, Finding New Victims, Expert Says A hacker responsible for a cybercrime campaign that impacted up to 165 companies this summer is still at large and... Read More
Survey Shows Most Actuaries and Underwriters Worry About Being Replaced by AI With the vast majority (91%) of insurance companies already investing in AI or planning to in the next five years,... Read More
More Than 250,000 U.S. Properties Reported to Have Repeated NFIP Claims More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program... Read More
Report Shows Bump in Federal Trade Secret Litigation in 2023 Analytics from Lex Machina 2024 Trade Secret Litigation Report reveals a rise in trade secret cases filed in federal district... Read More
Moody’s: Private Market Insured Losses From Francine Won’t Exceed $2B U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team... Read More
U.S. Sues Ship Owner, Operator Over Baltimore Bridge Collapse The U.S. sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March,... Read More
U.S. Property Insurance Rates Fall for First Time Since 2017 U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid... Read More
Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers... Read More
Coastal Carolina Gets 1,000-Year Rainfall Event From Storm System Parts of North Carolina saw something Monday that has not been seen in hundreds, or perhaps 1,000 years – 18... Read More