Rapid growth of marijuana industry creates array of hazards to manage
The green wave of marijuana legalization at the state level across the United States has triggered considerable buzz.
Modular construction trend may reduce risks
Modular buildings, which are expected to account for a growing proportion of construction projects in the United States, will present few challenges to property underwriters because of superior quality controls, say experts.
FDA rules unlikely to change
The U.S. Food and Drug Administration called on Congress to help modernize cosmetics regulation after briefly running into problems with a retailer, but prospects for regulatory change are dim, say experts.
Liabilities loom for cosmetics firms
Cosmetic manufacturers have faced relatively little products liability litigation to date, but there are potential issues that could change that in the lightly regulated industry, say observers.
Prefab accounts for only 4% of US construction, but interest is shifting
Modular construction has long been popular in Europe and Asia, although it has not gained much traction in the United States, experts say.
Editorial: Locate right target on climate change
Climate change activists and sci-fi fans have long appreciated the foresight of the late Steve McQueen.
UP CLOSE: Jenna Keesey
Cleveland-based senior underwriter, Cannasure Insurance Services LLC
2019 Break Out Awards, Midwest: Jonathan Charak
JONATHAN CHARAK Vice president, senior pricing actuary-emerging solutions Zurich North America Schaumburg, Illinois Age: 35 A biology and math major at Illinois Wesleyan University, Jonathan Charak joined Zurich North America in 2005 because he had enjoyed an insurance internship and wanted to work for a global company. He trained as an actuary but also took […]
2019 Break Out Awards, West: Stephanie Dunstan
STEPHANIE DUNSTAN Assistant vice president Arch Insurance Group Inc. Alpharetta, Georgia Age: 34 Stephanie Dunstan joined Arch Insurance Group Inc. in October 2010, when she began her career working in the insurer’s New York office. Ms. Dunstan has enjoyed many accomplishments, including high client renewal rates, during her time at Arch. She also serves as […]
Insurers, tech firms build relationships based on mutual needs
Partnerships with incumbent insurers can add significant benefits to insurtech companies, executives at the newcomers say.
Insurtechs move from disrupters to partners
Established insurers and brokers increasingly are taking a role in the development of insurtech companies and making direct investments in the firms.
Policyholders prepare for terror cover expiry
Policyholders and their brokers and insurers are starting to review their terrorism coverage options ahead of the expiration of the U.S. government-backed reinsurance program next year.
View from the Top: Greg Hendrick, Axa XL
Greg Hendrick, CEO of Axa XL, discusses opportunities and challenges in the commercial insurance market, and the influence of insurtech.
Antidepressants may stretch recovery, costs
Drugs intended to help injured workers manage depression and other mental health conditions while recovering could be prolonging and increasing the cost of workers compensation claims.
Drug-free claims have most successful closure rate for injured workers
Drug-free claims lead the pack when it comes to successful closure rates in workers compensation, according to a recent study.
Severe hailstorms trigger rate hikes
Insured losses from hail events are mounting amid shifting population and inflation dynamics, and insurers are responding by raising rates or deductibles for businesses in hail-prone states.
Parametric insurance added to mix of hailstorm policy options
As businesses face rising rates and deductibles for hail coverage, different coverage options are emerging to help offset the impact of hailstorms.
Business interruption exposures multiply
Business interruption losses are becoming a more costly component of property insurance claims amid a strong economy, a shift to smaller worksites and online operations, and expanded supply chains, experts say.
Data, analytics investment necessary to grasp supply chain risk
Businesses face growing exposures from a range of disruptive events including natural catastrophes, fires and explosions, product recalls, cybersecurity attacks and political or civil unrest, but investing in data and analytics and internet of things technologies to better understand supply chain dynamics is critical to mitigating business interruption risk, experts say.
Higher trigger could hamper small insurers
The program trigger within the Terrorism Risk Insurance Program Reauthorization Act of 2015 and the federal share of insured losses exceeding deductible target have been moving each year of the legislations existence (see chart).