Amped-up settlements and jury awards are creating upward pressure on the global liability market, while new technology offers an opportunity for insurers to be more proactive.
Tariffs, opposition from the fossil fuel industry and the vulnerability of supply chains for rare earth elements are all concerns for the renewable energy industry.
Dockless electric scooter companies are taking over our cities, with 100 million riders in the past 12 months. Who is responsible, then, when someone gets hurt?
The cyber threat is big, growing fast. That’s the scary news. The good news is cyber insurance is taking off with most stand-alone policies paying out.
Coal-fired power plants are leaking pollutants like arsenic, lithium and chromium, and it begs the question, are insurers responsible for spill claims?
GDPR laws on privacy allow for fines of up to 4 percent of global revenue for data breaches, which could cost Facebook $2.2 billion and Google $5.4 billion.
European insurers have taken measures to withhold the backing of coal mines and other ventures that contribute to global warming. U.S.-based insurers have been less than outspoken on the topic.
Experts have developed a rating system for a newly studied weather phenomenon called atmospheric rivers — long, narrow collections of water vapor that cause rain and snow.
Businesses will certainly want to insure catastrophe-related crop damage as well as keep supply chain coverage, but that could be difficult to insure as climate change continues its devastating wrath.
Respondents to a survey by AXA indicate that they are growing increasingly concerned about the impacts of climate change and the inability of global leaders to stop it.