Update: Oil Majors Should Pay $12B to Repair Damage in Nigeria: Report May 16, 2023 By William Clowes Oil companies including Shell Plc and Eni SpA should pay $12 billion to repair environmental devastation in Nigeria’s crude-rich Niger...
Insured Losses for New Zealand North Island Floods Estimated at NZ$1.8B: PERILS May 8, 2023 Insured losses for New Zealand’s North Island floods of Jan. 27 to Feb. 2 are estimated at NZ$1.75 billion ($1.1...
34% of Workplace Injuries Occur in First Year on the Job: Travelers May 5, 2023 More than a third of workplace injuries occur during employees’ first year on the job, regardless of age or industry...
D&O Prices Plummeting: Record-Level Q1 Drop for Decade May 3, 2023 The year-over-year decline in D&O insurance prices for the first quarter of 2023 is greater than any prior drop over...
What to Expect: WTW Spring Commercial Insurance Forecasts Mixed May 3, 2023 In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for...
MGAs, DUAEs Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best May 3, 2023 Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate...
Scientists Probe Sudden Spike in Ocean Temperatures May 2, 2023 By Seth Borenstein The world’s oceans have suddenly spiked much hotter and well above record levels in the last few weeks, with scientists...
Wait ‘Til Next Year: Auto Profit Unlikely to Return in 2023: S&P May 2, 2023 In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue...
Economic and Cyber Risks Lead Global D&O Concerns: Survey May 2, 2023 By Denise Johnson At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according...
Insured Losses for Southeast Australia Floods of October 2022 Rise to A$907M: PERILS April 28, 2023 Insured losses for floods that hit Southeast Australia in October 2022 have risen to A$907 million (US$600.2 million), according to...