Research & Rankings: Captive Insurance
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Hub makes construction, transportation buy
Hub International Ltd. on Friday said it has acquired the assets of Western Assurance Corp.
Cyber threats escalate with global exposure
US struggles to guard against attacks on critical infrastructure by hackers operating with support from foreign governments.
Cybersecurity frameworks can aid recovery from attacks
There is no guarantee a company can withstand a determined nation states cyberattack, but good cyber hygiene will go a long way to offer basic protection and recovery, experts say.
Silent cyber ruling has insurers looking closer at war clause
A ruling issued by a New Jersey court that addresses the issue of silent cyber, where cyber coverage is not explicitly covered, is expected to be influential in changing the traditional war clause exclusion in non-cyber policies.
Biden signs sexual harassment arbitration legislation
President Biden signed into law Thursday federal legislation that forbids mandatory arbitration in sexual harassment and assault cases.
Delaware high court affirms insurers win in D&O case
The Delaware Supreme Court on Thursday briefly affirmed a 2021 lower court ruling in insurers favor in directors and officers liability insurance litigation stemming from the 2016 merger of a consumer products company.
Court orders damages for Fukushima victims in landmark decision
Japan’s Supreme Court upheld an order for utility Tokyo Electric Power to pay damages of 1.4 billion yen ($12 million) to about 3,700 people whose lives were devastated by the Fukushima nuclear disaster, the first decision of its kind.
Data spotlight: Total captives worldwide vs. global insurance composite pricing change
Insurers, reinsurers have little direct exposure to Ukraine, Russia
Global insurers and reinsurers generally have little direct business or investment exposure to Ukraine and Russia, according to a report Friday from Moodys Investor Services Inc.
Supply chain woes test contractors
Underwriters are looking more closely at quality control and assurance issues among construction contractors as supply chains and labor markets are beset by shortages and delays, which are driving construction costs higher and making mistakes more expensive.
View from the top: Sarah Stanford, Aspen Insurance
Sarah Stanford was appointed as active underwriter of Aspen Insurance Holdings Ltd.s Syndicate 4711 in May 2019.
Delaware law change sparks interest in placing D&O risks in captives
The directors and officers liability insurance market has seen some of the highest rate increases since the commercial market began hardening about four years ago, which has generated more interest in trying to use captive insurers to fund the risk.
Editorial: Captives solve tough problems
It took awhile for the hardening commercial insurance market to have a knock-on effect in the captive sector, but the sharp increases in rates over the past three to four years resulted in an increase in captive formations last year after five years of declines.
Turner Construction launches risk management consultancy
Turner Construction Co. has consolidated its risk management operations to provide consulting services to its sister companies and other organizations in the construction sector.
Presumption push has comp sector on edge
The COVID-19 omicron variant appears to be waning and several states have lifted their mask mandates, but legislators have spent the early part of the year eyeing pandemic-related workers compensation legislation.
Sorting vaccine injury cover burden
Private employers that require their workers to get vaccinated for COVID-19 are on notice: Their workers compensation insurers will likely foot the bill for vaccine injuries.
Rising material prices, catastrophe losses put focus on multifamily property claims
Commercial residential properties, already facing a tough insurance market, are seeing double-digit rate increases and even higher for loss-hit risks in catastrophe-exposed locations.
Viewpoint: Putting a value on property
Commercial property policyholders are being asked to ensure their reported values are accurate.
Coalition offers free cyber, response services to Ukraine companies
Insurtech Coalition Inc. said Friday it will provide its cybersecurity and incident response advisory services for free to Ukrainian companies and to nonprofits and public interest organizations globally.