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The latest people news in the industry today.
Generative AI scams are becoming increasingly sophisticated, leaving small businesses vulnerable to financial and reputational damage, a Nationwide survey finds.
Despite potential headwinds, more stable rates and competition keep pricing favorable for commercial insurance buyers, Lockton reports.
Cyber threats top the list of business concerns for a fourth time in the 2024 Travelers Risk Index, as a record 62% of U.S. companies cited worries about cyber risks.
Compromised user data, market listings, and outgoing traffic on the dark web significantly increase an organization’s risk of cyberattacks, Marsh report shows.
Sustained profitability and declining claims frequency drive workers’ comp outperformance, boosting the overall P&C insurance industry, according to a new report from AM Best.
Rebounding from a $24 billion loss, the U.S. property & casualty insurance industry posted a $3.8 billion net underwriting gain in H1 2024.
Fitch Ratings report suggests workers’ comp insurance may see declining reserve strength after nine years of underwriting profits.
Berven says Nationwide takes long-term view on improving property resilience, preventing losses.
Outdated tech and AI innovations pose increasing risks for global businesses, while cyber concerns decline despite evolving threats, a Beazley report finds.
Amid economic headwinds and shifting risks, U.S. insurers face diverging credit rating trends across key market segment, AM Best reports.
New Jersey court rules company lacked authority to release a former subsidiary’s rights to pollution coverage without consent.
Litigation costs drove a 57% increase in US liability claims over the past decade, reaching an annual peak of 7% in 2023, Swiss Re reports.
Commercial insurance prices rise moderately in Q2 2024, with some lines seeing decreases, according to WTW data.
Gallagher finds a growing number of companies are investing in resilience to mitigate risk and lower insurance costs
Surveys by APCIA and CIAB reveal cyber insurance market trends, challenges, and coverage gaps.
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