Special Coverage: COVID-19

Aon appoints Rishi Mehra as Head of India

Posted: Mar 04, 2024

Insurance and reinsurance broker Aon has named Rishi Mehra as the Head of India, reporting to Anne Corona, Chief Executive Officer of Asia Pacific. Mehra will begin transitioning to his new role immediately and will be based in Mumbai by mid-2024. The appointment sees Mehra join Aon’s Asia Pacific E...

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Does the P&C Insurance Cycle No Longer Exist?

Posted: Feb 28, 2024

Does the P&C Insurance Cycle No Longer Exist? Commercial Lines ClareCarroll1 Wed, 02/28/2024 - 18:57 The hard market/soft market cycle has reigned for decades, but COVID shocks and a host of new technologies may be ending it. ...

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10 Pivotal Challenges Facing Insurers in 2024

Posted: Feb 27, 2024

10 Pivotal Challenges Facing Insurers in 2024 Leadership ClareCarroll1 Tue, 02/27/2024 - 10:34 Navigating these challenges requires strategic foresight, technological agility and a commitment to meet evolving customer needs....

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2024 RIMS President David Arick Shares How COVID and AI Have Changed the Risk Management Space

Posted: Feb 23, 2024

The new president of RIMS is excited to give back to the profession, but he also wants to retain a focus on his job and his family. The post 2024 RIMS President David Arick Shares How COVID and AI Have Changed the Risk Management Space appeared first on Risk & Insurance.

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New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim

Posted: Feb 16, 2024

New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of a virus, to trigger coverage under a commercial property policy for COVID-19 business interruption losses. The Court of Appeals upheld …

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Reinsurers lose key Covid business interruption case

Posted: Feb 14, 2024

In a landmark decision, the UK Commercial Court has ruled in favour of insurer’s Covéa and Markel on a non-damage business interruption case linked to the COVID-19 pandemic. The dispute was between the two insurers and their respective reinsurers, Markel’s being General Reinsurance AG, a...

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New Workers' Comp Laws for 2024

Posted: Feb 11, 2024

New Workers' Comp Laws for 2024 Commercial Lines ClareCarroll1 Sun, 02/11/2024 - 12:39 State legislative changes include a range of considerations, from COVID-19 to offering greater support for mental health issues. February 1...

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Europe Gains Powers to Tackle Supply Chain Emergencies

Posted: Feb 06, 2024

EU countries and lawmakers on Feb 1 agreed to rules which will require Europe-based companies to prioritize production of key products to prevent a supply chain crisis such as that prompted by the COVID-19 pandemic and Russia’s Ukraine invasion. The …

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Report Shows California’s 2023 Auto Registrations Highest Since 2020, with an 11.9% Increase in New Vehicles

Posted: Feb 01, 2024

Last year proved to be a banner year for new car registrations in California, reaching the highest numbers since the COVID-19 pandemic, a new report out this week shows. The California New Car Dealers Association’s fourth quarter 2023 California Auto …

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California’s 2023 Auto Registrations Highest Since 2020; New Vehicles Up 11.9%

Posted: Feb 01, 2024

Last year proved to be a banner year for new car registrations in California, reaching the highest numbers since the COVID-19 pandemic, a new report out this week shows. The California New Car Dealers Association’s fourth quarter 2023 California Auto …

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AGENT AND BROKER E&O INSURANCE

Posted: Jan 31, 2024

 A hard market brings new challenges By Joseph S. Harrington, CPCU No news is good news, in some circumstances. When assessing today’s market for insurance agent and broker errors and omissions (E&O) insurance, what stands out is what’s not there, at least not yet. During and soon after the COVI...

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COVID Liability Immunity Includes Slips and Falls at Hospital – Alabama High Court

Posted: Jan 29, 2024

When the COVID-19 virus spread across the country three years ago, dozens of state legislatures approved statutes that granted health care providers immunity from legal actions brought by people who claimed to have been injured by COVID treatments. “Absent wanton, …

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New Jersey Supreme Court Rules Against Casino in COVID Business Interruption Case

Posted: Jan 26, 2024

New Jersey’s Supreme Court ruled Wednesday that an Atlantic City casino is not entitled to payouts from business interruption insurance for losses during the COVID-19 outbreak, determining that the presence of the virus did not constitute the kind of “direct …

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SEC to Impose Tougher Rules on Blank-Check Deals as SPACs Fizzle

Posted: Jan 24, 2024

Wall Street’s main regulator on Wednesday is set to demand more investor protections for deals involving special purpose acquisition companies, tightening rules on a once-popular pathway for taking firms public. After surging during the Covid-19 pandemic as an alternative to …

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Top Global Business Risks in 2024

Posted: Jan 19, 2024

Top Global Business Risks in 2024 Risk Management ClareCarroll1 Fri, 01/19/2024 - 14:23 Cyber and business interruption top Allianz's annual survey, while nat cats, fire, explosion and political risks are the biggest risers. ...

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