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A 2011 staged pirate attack on a Greek cargo vessel was an outlandish attempt to collect an insurance payment. These extreme fraud claims pose a legitimate threat to marine underwriters.
Terrorists target major cities more often than small towns, but given the unpredictability of violence, should suburban areas be more alert?
Brit expands their US casualty team, CSAA promotes Linda Goldstein, Michael Jacoby to lead healthcare practice for RCP, and more in this edition of People on the Move.
Fast breaking stories online create an expanded media liability exposure for journalists, and underwriters are reacting.
While there is still plenty of risk transfer capacity out there, commercial insurance pricing is becoming painful in some lines.
There remains enough uncertainty about commercial tax exposures that insuring them is a booming business.
Big data, artificial intelligence and machine learning are driving a shift in the way insurers approach risk and could fundamentally change the business model over the long term.
In this edition of People on the Move, EPIC, AIG, Ascinsure and more see people moving in their ranks.
As the aerospace insurance market shrinks, underwriters are backing ambitious ventures, including a college rocket competition.
A new LexisNexis Risk Solutions report explains how small commercial business insurance carriers can turn their top challenges into competitive advantages.
McKinsey & Company took pains to outline the numerous ways that Artificial Intelligence will change commercial insurance.
MIT researchers conclude that machine learning has the potential to create great efficiencies; that goes for its use in insurance too.
Lloyd’s, Ironshore and other insurers are taking another look at their appetite for underwriting high-end watercaft.
Laws governing sales and consumption of cannabis are a patchwork. This creates substantial legal liability exposures for growers and sellers.
AI is poised to take the actionability of data and the accuracy of insurance underwriting to the next level. And that’s a win for everyone.
Rebuilding of properties in high-risk floodplains that have already sustained multiple claims is an issue.
Long-term care insurance rates are skyrocketing in Pennsylvania, signalling potential insolvency risks and shocked insureds.
With today’s digital landscape, customers have higher expectations for a more streamlined quote experience, which means fast, convenient transactions that are automated and digitally interactive.
Onboard fires, cyber attacks and the risk that distracted captains will run vessels aground are all leading to increased cargo marine losses.
Building a strong culture of integrity and transparency of communication will be key in BHSI’s growth going forward, says Sanjay Godhwani, the company’s executive vice president.