Similar Posts
Third-party litigation finance linked to rising insurance premiums – CIAB
Despite these shifts, commercial auto and umbrella lines continued to see significant pricing increases. Average premiums for commercial auto rose by 10.4%, while umbrella lines were up 9.5%. The CIAB attributed these increases, in part, to losses linked to litigation finance activity. Source link
Cyber threats and environmental issues top reputational risks in 2024/25 Willis survey
The survey, which gathered responses from 500 senior executives worldwide, found that 65% identified cyber attacks as the primary reputational risk, up from 52% in 2023. Environmental concerns followed closely, cited by 64% of respondents, also a rise from 52% the previous year. Source link
What’s happening in the global marine insurance market?
Changes in pricing dynamics and risk exposure outlined Source link
Ambac Assurance sued over alleged unauthorized transfer to parent company
Complaint is in connection with company’s rehabilitation Source link
Cyber risk a major threat for expanding digital healthcare market – CFC
From supporting operational efficiency to alleviating clinician workload, AI is becoming embedded in core healthcare functions. While private equity investment in digital health declined in 2023, CFC observed sustained interest in AI-powered technologies, which remain a key driver of sector transformation Source link
Alabama Supreme Court sides with insurance trust in commercial lease dispute
The dispute arose from a lease agreement executed in February 2019, under which Hembree Insurance Trust leased a 135,847-square-foot industrial building in Scottsboro, Alabama, to Maples Industries for a five-year term running from January 1, 2020, through December 31, 2024. The lease obligated Maples to maintain the property, including a clause specifying that Maples would…