Social inflation and mounting reserve challenges are hitting the casualty reinsurance market amid abundant capacity and investor interest, AM Best reports.
Securities class actions rise in 2024, with AI and COVID-19 cases leading growth while SPAC filings plummet, shows a report by Cornerstone Research and Stanford Law School.
With huge potential to change businesses as we know them, generative AI promises to cut costs and give companies a competitive edge. But implementation requires a detailed review of AI’s equally powerful risks.
The manufacturing industry remains an attractive target for cybercriminals. Facilities must put safeguards in place to prevent the devastating financial toll of a malicious attack.
Commercial insurers earnings are strong, but natural disasters, geopolitical risks, and mounting legal system challenges could upset the balance, the broker finds.
The 2024 Restaurant Risk Report by AmTrust details what’s driving workers’ comp costs for restaurant operators and how to make meaningful changes in workplace safety.
Commercial insurers maintain stability despite market challenges, as strong underwriting and pricing drive continued profitability, according to AM Best.
Philadelphia Insurance Companies’ Trevor Salman discusses how premises pollution coverage can be a valuable addition to environmental coverage, particularly as our climate changes.
The number of filings in most trend categories is on pace to decline in 2024, except for AI and COVID-19-related filings, which are on pace to increase, the report finds.
A new report by Milliman estimates that PFAS remediation costs for U.S. water districts could reach as high as $175 billion, helping companies and insurers quantify the potential exposure.