Survey Shows Most Actuaries and Underwriters Worry About Being Replaced by AI September 23, 2024 With the vast majority (91%) of insurance companies already investing in AI or planning to in the next five years,...
Russian Oil’s Achilles’ Heel: Insurance May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn LONDON/NEW DELHI/TOKYO —Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance...
Lloyd’s of London Could Ditch Pinstripes After Pandemic March 25, 2021 LONDON, March 25 — When the pandemic is over, the brokers of Lloyd’s of London could haggle with underwriters from...
Insurance Costs Too Steep? Try Writing Your Own October 23, 2020 By Carolyn Cohn LONDON — Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result...
Canada’s Struggling Hospitality Businesses Face ‘Perfect Storm’ as Insurers Flee October 8, 2020 By Nichola Saminather TORONTO — Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential...
Directors’ Liability Insurance Rates Surge on Virus Litigation Fears August 11, 2020 By Carolyn Cohn LONDON — Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as...
How One Startup is Trying to Help Car Dealers Weather Hailstorms November 12, 2019 By Ira Boudway Nick Pacifico has been working at his family’s Cadillac dealership in Denver since 2003. He’s never seen insurance costs this...
Puerto Rico Oversight Board Loses Bid to Extend Claims Filing Deadline April 25, 2019 By Luis Valentin Ortiz A U.S. judge on Wednesday denied a request by Puerto Rico’s federally created financial oversight board to extend a looming...
Verisk Announces New Hail Damage Score for Underwriters April 11, 2013 Verisk Insurance Solutions – Underwriting, a unit of Verisk, announced LOCATION Hail Damage Score. The new product improves an insurer’s...