| Today's Headlines | December 15, 2021 |
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Oil spills, port explosions, blockages in the Suez Canal and supply chain risks. These are just some of the events that global space company Skytek has analyzed over the past year for its insurance industry customers. The company helps insurers manage their global positions, combining space technology, big data, artificial intelligence (AI) and machine learning—in... read more | | |
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In four separate decisions, a panel of the 7th Circuit Court of Appeals joined four other federal appellate courts in ruling that SARS-CoV-2 does not cause a direct physical loss or damage that triggers coverage under a commercial insurance policy. The appellate panel affirmed decisions by three U.S. District Court judges in Chicago that found... read more | | |
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As the digitization of insurance accelerates, emerging technologies have the potential to deliver differentiated products and winning experiences. Insurance CEOs who are attuned to the opportunities and threats of digital transformation must consider the IT department’s ability to support change ... read more | | |
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The late-season tornado outbreak that caused destruction across six states last weekend is expected to generate significant economic and insured losses, but it's unlikely to be a capital event for property/casualty insurers and reinsurers, industry experts predict. Fitch Ratings estimates insured losses from the tornadoes that hit Kentucky, Arkansas, Illinois, Mississippi, Missouri and Tennessee on... read more | | |
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Natural catastrophes caused global insured losses of $105 billion in 2021—the fourth highest since 1970, according to Swiss Re Institute's preliminary sigma estimate. This was up from $90 billion in 2020 and a sharp increase from the 10-year average of $77 billion. Man-made disasters triggered another $7 billion in insured losses, Swiss Re said, resulting... read more | | |
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SPONSORED BY: Verisk In a joint research project published last year, Verisk's Emerging Issues and Arium teams identified several critical factors that can transform an emerging risk into a full-blown "liability event," complete with multibillion-dollar damages and potentially steep insurer losses. These same factors could also be used to judge whether an issue is losing relevancy.... read more | 
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Mandatory Securities and Exchange Commission disclosures about the reasons behind auditor firings are useless for assessing whether restatement trouble lies ahead for the company, according to new research from the University of Notre Dame. Firing an auditor creates ambiguity. Is the company trying to find a better auditor, or is it trying to avoid a... read more | | |
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Inflation is painfully high, but this hopefully is close to as bad as it gets. Consumer prices rose 6.8 percent for the 12 months ending in November, a 39-year high. Many economists expect inflation to remain near this level a few more months but to then moderate through 2022 for a variety of reasons. And... read more | | |
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The American Property Casualty Insurance Association (APCIA) and Dr. Leroy Nunery II, founder and principal of PlūsUltré and president of Evolution Advisors LLC, announced they would present the findings of the association's inaugural Diversity, Equity and Inclusion (DEI) Catalog to insurance commissioners during the National Association of Insurance Commissioners Fall National Meeting on Dec. 14.... read more | | |
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| | It's good to be in the E&S market right now. Indeed, E&S typically ... read more | |
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| | Effective distribution is essential to carrier success, especially as the ... read more | |
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| | Accelerate competitiveness with a digital ecosystem. Revolutionize your ... read more | |
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| | How much do you know about the risks in your portfolio—and what might you be ... read more | |
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| | The home improvement boom was an unexpected risk for the P&C insurance ... read more | |
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