Similar Posts
Mental health is becoming the new workplace safety crisis for SMEs
[ad_1] Small businesses face big challenges in risk mitigation [ad_2] Source link
California expands FAIR Plan insurance limits amid escalating wildfire risk and market strain
[ad_1] The expansion is a centerpiece of Lara’s “Sustainable Insurance Strategy,” a broad effort to stabilize California’s fractured insurance market amid mounting climate-related losses. In recent years, major carriers have pulled back from insuring properties in wildfire-prone regions, citing escalating claims and regulatory constraints. The FAIR Plan – intended as a backstop for those unable…
Climate risks rise, but businesses stay focused on short-term challenges: Beazley report
[ad_1] Despite a surge in extreme weather events, only 20% of executives rank climate-related catastrophic risk as a top concern. At the same time, 72% report adopting new risk management procedures in response to severe weather, signalling a reactive rather than proactive approach to climate adaptation. Insurers warn that without stronger risk mitigation strategies, businesses…
Liberty Company partners with Hahn Insurance to expand in New Jersey
[ad_1] The agreement with Hahn Insurance Agency is the latest in a series of partnerships Liberty has established to scale its platform. Earlier this year, Liberty secured an additional $100 million in funding, led by JPMorgan Chase. This financing aims to fuel mergers, acquisitions, and innovation within the company. [ad_2] Source link
Hawaii resolution pits insurers against oil companies in subrogation claims
[ad_1] Insurance coverage for oil companies Several major insurers, including AIG and Chubb, continue to provide coverage for oil and gas operations. Chubb, for instance, has expressed intentions to underwrite more oil and gas production, aligning with anticipated increases in fossil fuel activities under the current US administration. [ad_2] Source link
Federal judge: American National Lloyds Insurance must defend property owner in roofer’s injury suit
[ad_1] In American National Lloyds Ins. Co. v. Alexis, Civil Action No. 23-130, the insurer sought a declaratory judgment that it had no obligation to defend or indemnify Michelange Alexis and Real Estate Brothers, L.L.C., in a lawsuit filed in Berks County Court by Ernesto and Ana Rosa. The plaintiffs allege that Mr. Rosa suffered serious…