Amidst a steady construction activity level, NYC sees a 36% drop in fatalities in 2023 but a troubling 25% rise in injuries, according to the New York City Department of Buildings’ annual report.
“Weather-related risks on the property side are a significant concern for risk managers and various industries. Leading experts, such as Colorado State University, forecast a very active hurricane season of at least 23 named storms and five major hurricanes, which is well above average.”
Increased capacity for property catastrophe reinsurance, including record cat bond issuance, signal a potential softening of rates, but an active hurricane season could counteract these trends, Howden Re reports.
Ascot’s Jeff Canfield shares his take on the potential of AI in underwriting, Ascot’s strategy for deal selection, and the company’s unique approach to underwriting specialty risks.
Navigating the complexities of PFAS contamination and its impact on drinking water, Jon Peeples of Philadelphia Insurance Companies discusses the challenges faced by water treatment plants, potential litigation and the insurance industry’s response.
Employers say that safety technologies, from wearable devices to computer vision, are transforming the workplace and delivering promising results, according to an NCCI report
Geopolitical tensions escalate as multinational companies confront heightened political risks, with a focus on Europe, Russia, and “gray zone aggression,” reports WTW and Oxford Analytica.
Katie McGrath discusses ongoing and emerging trends in the insurance industry, the potential of an AI insurance market and the challenges of modeling the costs of cyberattacks.
Generative AI has enabled people to create images and content faster than ever before. Employers must remain vigilant should an employee choose to create nefarious and harassing content of their coworkers.