In May, London-based CFC Underwriting announced that it had named James Burns as head of cyber. Mr. Burns now heads a team of more than 50 underwriters who are devoted to underwriting cyber risk for large corporate clients and SMEs.
Perhaps not surprisingly, trusts and estate law are where malpractice claims seen to becoming more painful. It’s too soon to say how much of an impact on claims costs the pandemic will have.
Allied World’s Joyce Duarte talks to Risk & Insurance about opportunity within professional lines management and what risks are proving difficult for underwriters.
When professional services firms are sued by clients, the likelihood of an insurance claim increases when the client suffers a significant loss. Now’s the time to get a grip on the claims landscape and prepare risk management tools to assess and address exposures.
Social inflation caused by a rise in lawsuits brought against businesses and disproportionate nuclear jury verdicts have forced insurers to stump up multi-million dollar settlements.
The five trends detailed in the report are more regulatory clarity, increased adoption, growth of decentralized finance, surge in Bitcoin value, and more corporate transactions.
No pandemic can stop an underwriter from getting the job done. We celebrate many in the insurance industry this year as we continue to push through such a difficult time, all while aiming for success.
After a damaging winter storm in 2011, officials in Texas received recommendations on weatherizing the state’s grid. Those recommendations were not followed, and in 2021, Texans paid a big price.
A lot goes in to creating a successful risk engineering practice. Experts from Berkshire Hathaway Specialty Insurance delve into how they’ve done just that.
Shortly after the New Year, Amazon, Berkshire Hathaway, and JPMorgan Chase announced their joint venture, Haven Health, would be shutting its doors. Haven’s goal was to make health care cost and delivery more transparent and economical for employers and employees alike.
Insurers pay when wildfires rage and hurricanes thunder in from our oceans. The drive is on for the industry to reduce its support for the fossil fuel use that contributes to climate change.
In-person meetings used to be a staple of the insurance buying process. COVID-19 has forced underwriters and insureds to get creative when it comes to building relationships and pricing risks.