News Center
News Archives - Insurance Journal
Soft Commercial Market Ahead: Prepare for Underwriter ‘Herd Behavior’ Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface temperatures get less warm. Yet rates for U.S. excess liability and Atlantic hurricane both reduced, observe the co-founders of UWX. …
POSTED OCTOBER 29, 2024 6:52 AM |
People Moves: The Hartford Announces New Leadership Appointments In Global Specialty The Hartford, headquartered in Hartford, Connecticut, has expanded Michael Garrison’s role to include the international division in addition to his current responsibilities as head of the company’s U.S. wholesale organization. Garrison joined Navigators in 2021 as the head of wholesale. …
POSTED OCTOBER 29, 2024 6:00 AM |
Delta Sues CrowdStrike Over ‘Catastrophic’ Software Glitch Delta Air Lines Inc. sued cybersecurity firm CrowdStrike Holdings Inc. over the chaos caused this summer by a “catastrophic” software update that disabled millions of computers worldwide and grounded much of the airline’s passenger fleet. The update crippled Delta’s operations …
POSTED OCTOBER 29, 2024 5:06 AM |
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing most-at-risk entities. Using independent analysis of cybersecurity performance data provided by Bitsight in combination with claims data, the study uses …
POSTED OCTOBER 29, 2024 5:03 AM |
Lawsuit Alleges Child Sexual Abuse of WWE ‘Ring Boys’ in Maryland A new lawsuit accuses the WWE and its founders of fostering a culture of sexual abuse within the organization and looking the other way while a longtime ringside announcer preyed on young men he hired as “ring boys.” The suit …
POSTED OCTOBER 29, 2024 5:00 AM |
Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy. The Fourth Circuit …
POSTED OCTOBER 29, 2024 5:00 AM |
Report: Climate Risks Increasing Insurance Rates and Hurting CRE Returns Costly reinsurance, inflation, tough regulations, and increasing weather-related claims are driving up property insurance prices—and in turn, that is impacting commercial real estate returns, valuations, and transactions, a new report shows. The Urban Land Institute and real estate investment management …
POSTED OCTOBER 29, 2024 5:00 AM |
Washington Commissioner’s Office Found Most Homes in 2003 Wildfire Were Under-Insured An analysis of the claims paid out after the Gray and Oregon Road fires in Washington last year found that most of the homes destroyed were under-insured. The fires destroyed 366 homes, burning more than 20,000 acres outside of Spokane …
POSTED OCTOBER 29, 2024 5:00 AM |
People Moves: Burns & Wilcox Names Carvalho to Lead San Francisco, Seattle and Portland Burns & Wilcox named Tom Carvalho as the new managing director of the company’s San Francisco, Seattle and Portland offices. Carvalho, who is based in San Francisco, joined Burns & Wilcox in 2011 as an associate underwriter, establishing expertise within …
POSTED OCTOBER 29, 2024 5:00 AM |
Crews Fight Large Brush Fire in Massachusetts; Separate Fire Kills 1 A woman died in an outdoor fire in Massachusetts at an encampment in Millbury on Saturday night and crews on Sunday were still fighting a large overnight brush fire in Salem as dry and windy conditions have raised the risk …
POSTED OCTOBER 29, 2024 12:57 AM |
Blog
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Carpenter & Company confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|