Alternative energy insurers are finding that frequency and severity in solar and wind farm losses are greater than they ever imagined. Four or five years back, maybe more, a host of insurers were keen to get into the alternative energy space. The risks were seen as relatively benign, capacity was ample and rates were low.

Vehicle insurance claims in the Land of Lincoln could rise as the result of legalizing marijuana if Illinois follows a trend experienced in other states that allow the sale of recreational pot.

International loss adjustment firm Charles Taylor Adjusting (CTA) has its sights set on growth in the US market. Its growth initiative started in January 2017 with the appointment of seasoned claims expert, Vince Cole, as chief executive officer of US operations. Under Cole’s leadership, CTA has enjoyed significant organic growth, doubling its revenues and earnings every quarter for the last nine quarters, and the firm has no intentions of slowing down.

Last year saw a shift to real, use-case blockchain technology proof-of-concept projects in various markets, including shipping, insurance, logistics, mining, energy, and fine art.

Natural catastrophes are growing in severity, resulting in an increase in uninsured losses. Numerous technologies are emerging to aid resiliency.

Citing economic pressures and global trade concerns as challenges, risk managers are reporting their lowest level of risk readiness in 12 years, according to Aon’s 2019 Global Risk Management Survey.

Hundreds of New York City firefighters were climbing the stairs in the World Trade Center when it collapsed, taking the lives of 2,700 people in September 2001. Many parts of the story are well known.

Since its discovery in 1976 following an outbreak at a Philadelphia hotel hosting a namesake conference for the American Legion, Legionnaires’ disease has garnered national attention from the general public and stakeholders, including building owners, facility operators, medical professionals, risk managers, insurers, and attorneys.

If you are a lucky risk manager, you may never have to manage a property damage or business interruption claim. But we buy insurance for protection from that unknown loss.

Insurers are improving their disclosures of their climate-related risk management efforts, but continue to lag other major industries in reporting climate metrics and targets, according to a new report.

Last year saw some of the deadliest and costliest wildfires in California history. With the long-term impacts of the Camp and Woolsley fires still being felt months later, many in California are already thinking ahead and considering how best to prepare for future wildfire seasons.

WIth back injuries affecting 1 million workers a year and accounting for 20% of all workplace injuries, according to the Bureau of Labor Statistics, AIG was looking for a solution.

With hurricane season in the US about to take off, insurance experts would do well to look back on events from the past year and consider the implications of hurricanes that submerge communities versus ones that blow them away.

A federal appeals court on Wednesday upheld a lower court decision and ruled against Starr Indemnity & Liability Co. in coverage litigation with a marine pollution insurer in a case involving two grounded oil barges.

Breezy Point is beautiful in the summertime, a quaint neighborhood sitting on a slim peninsula that juts out into the Atlantic just south of New York City.
In a storm, though, that dreamy setting can become a nightmare.