Research & Rankings: Specialty & Emerging Risks
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Arch backs Coalition in partnership
Cyber insurance and security company Coalition Inc. has embarked on a multi-year partnership with an Arch Capital Group Ltd. unit, the insurers said Tuesday.
Applied Underwriters expands E&S business
Applied Underwriters Inc. said Tuesday it will repurpose Texas Insurance Co. to expand its excess and surplus capabilities to support the companys trucking programs and other divisions.
Employers should expect NLRB to become strongly pro-labor
Employers should brace themselves for a significant return by the National Labor Relations Board to Obama administration policies and related employment practices liability risks as portended by the recent turmoil in the agencys general counsels office, experts say.
N. Korean hackers tried to steal Pfizer vaccine know-how: Lawmaker
South Koreas intelligence agency has said North Korea attempted to steal information on coronavirus vaccines and treatments by hacking Pfizer Inc., a lawmaker briefed by the agency said on Tuesday.
AIG Q4 profit tops target; virus, disaster, derivatives weigh on results
American International Group Inc. posted a net loss of $60 million in the fourth quarter, mainly due to a $1.2 billion loss from derivatives, the company said on Tuesday, but the insurers adjusted earnings hit analysts targets.
Get paid if you said that? Cancel cover could be answer
Afraid to speak your mind? Worried over that ill-timed, unintentional gaffe? Afraid you will lose your job now? Insurance could be the answer, writes the executive editor of the news website deadline.com.
66% of employees want to work remotely, flexibly
A YouGov PLC survey has found 66% of U.K. employees want their organization to allow them to work remotely or flexibly as a working benefit.
Health insurer targets small businesses, self-employed
U.K.-based commercial insurance firm Simply Business Ltd. has partnered with insurtech company MGA Equipsme to offer health insurance for its self-employed clients.
Marijuana policy reform could bring relief
Speculation that a change in political leadership could provide a boost to the legalized cannabis market has made insurance and other sources hopeful about future market expansion and more choices for U.S. cannabis operators.
Lack of affordable D&O coverage creates stumbling block to recruiting senior talent
The scarcity and prohibitive expense of directors and officers liability coverage for cannabis operators in the United States is complicating efforts to recruit talent into the nascent industry, according to sources.
Insurance market fails to keep pace with rapidly expanding cannabis sector
Insurance supply for cannabis operators remains constrained as the legal market for their products continues to grow at the state level.
Proportion of Texas employers buying comp coverage holds steady
The number of Texas employers that do not purchase workers compensation insurance remained essentially flat from 2018 to 2020, going from 28% to 29% of private-sector employers, according to a report released in December by the Texas Department of Insurance, Division of Workers Compensation.
Teacher vaccinations not necessary for reopening: CDC
In Fridays release of comprehensive guidelines for schools to reopen, many of which have not been in classroom settings for nearly a year, the Centers for Disease Control said staff access to vaccinations should not be considered a condition for reopening schools for in-person instruction.
Insurers offer Texas employers alternatives as state remains lone locale for comp opt outs
Texas is the only state that does not require employers to carry workers compensation coverage, but employers in the state have other options when it comes to protecting themselves from work injury liabilities and for providing benefits to injured workers.
Demand for social engineering fraud coverage on the rise
A rise in crime committed via social engineering is prompting a growing number of businesses to add coverage for related exposures through their commercial crime insurance policies, experts say.
Most P&I insurers to increase rates for 2021-22: A.M. Best
Ten of 13 mutual insurer marine protection and indemnity clubs that are part of the International Group of P&I Clubs will increase rates at the upcoming renewal for shipowners for the 2021-22 policy year, ratings agency A.M. Best Co. Inc. said Tuesday in a report.
Cargo rates increase as cat losses rise, exposures accumulate during pandemic
Rate increases, higher retentions and tighter terms and conditions continue to be widespread in the marine cargo/stock throughput insurance market even as the economic fallout from COVID-19 continues, industry experts say.
Richer data over entire supply chain essential to reduce claims in stock throughput market
Better data and insights are critical to preventing losses in the stock throughput market going forward, experts say.
Carve-outs factor into two-thirds of $1B-plus deals in 2020
Insurers are using divestitures to help them re-focus on core operations, according to a report Tuesday from consultancy Bain & Co.