Many insurers are ruling out coverage for coal businesses as they become more concerned about the environment and the impacts of climate change on the industry. Now, insurance giant Allianz Group (Allianz) has affirmed its commitment to refusing to support the thermal coal industry.

It had been simmering beneath the surface for some time. The profound increase in frequency and severity of ransomware attacks on U.S. businesses in every sector was impossible not to notice.

In 2020 alone, industries across the board experienced a total of 1001 reported cases of data breaches. It’s no secret that businesses need to comply with security and privacy regulations defined by the states and countries they operate in, by their industry or by the type of audience and customers they work with.

Work conditions during the COVID-19 pandemic have created the perfect storm for a ‘turnover tsunami,’ a Hub International speaker suggested during a webinar last week.

Late last year, Lloyd’s of London announced plans to stop selling insurance for some types of fossil fuel companies by 2030.

Three Florida property insurance companies have added their names to the list of insurers that have been cancelling policies in the state due to hurricane claims.

As a famous truant once observed, "life moves pretty fast." Today’s homeowner risks include technologies that were barely invented a decade ago, demographic trends that hadn’t fully emerged, and a plant that (depending on where you live) may no longer get you in trouble.

Our industry is diversifying, and that diversity has been a force for growth and innovation. Decades of work and progress have yielded more women in leadership roles, a more diverse workforce and a greater emphasis on recruiting talent from varied backgrounds and geographies.

Businesses risk damaging their brand’s reputation if they take a confrontational approach to claimants, risk experts warned during a recent virtual conference.

Historically, the common law tort of public nuisance aimed to uphold community morals and address public health violations. Now, public nuisance has emerged as a central cause of action in some of the largest environmental and non-environmental claims facing the insurance industry, raising compelling coverage issues.

Although American inventor and Founding Father Benjamin Franklin was not referring to insurance when he penned the famous words ‘time is money,’ today’s risk managers should take the expression to heart if they wish to reduce their companies’ claims costs.

Insurance sector communities have invaluable expertise and resources to address society’s climate challenges, but that experience is not fully understood or harnessed into the mainstream climate, sustainable development and finance agenda.

Access to water. For so many of us, it’s a given, but for so many others, it’s a daily battle.

Karen Clark & Company (KCC) has announced that American Family Group has licensed KCC’s full suite of US catastrophe models. The models are delivered through KCC’s RiskInsight open loss modeling platform.

As it builds out a framework to model future climate risk, AIR Worldwide made changes last year to its hurricane and U.S. wildfire models with the goal of providing insurers and their clients with more accurate assessments of those morphing risks.