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The number of victims of cyber extortion in the first three quarters of 2023 is already 33% higher than all of last year.
U.S.-based companies accounted for 20 of the top 50 largest nonlife insurers worldwide.
Natural disasters continue to be the leading driver of business interruption claims, Allianz reports.
The Swiss Re Global Cat Bond Performance Index is up 18%, while the Bloomberg U.S. Treasury Index has dropped about 1%.
The U.S., China and Japan would be the hardest hit if the hypothetical, but plausible, scenario unfolded, according to the London market.
There are many reasons for commercial property owners to have EV charging, but new technologies bring their own risks.
It's a tough time for insureds to plan for unpredictability or disruption due to political headwinds, says Markel's Andrew Umphress.
Reinsurers' premium growth was mostly driven by rate increases and not exposure growth during 2022, according to AM Best.
The Chinese market saw 4.5M EVs sold through the first half of this year, nearly six times more than the U.S. market's total.
Employment attorneys caution that companies will be on the hook if a vendor's hiring software turns out to perpetuate bias.