Sun.Jul 20, 2025

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Behind the Surge: What Cyber Claims Say About the Future of Risk

Insurance Journal

The U.S. cyber insurance market witnessed a surge in reported claims, reaching a record 33,561 incidents, according to the 2024 NAIC Cyber Insurance Report. This escalation underscores the growing complexity and frequency of cyber threats for businesses across all sectors.

Cyber 147
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Can Umpires and Appraisers Be Sued by Parties Losing an Appraisal?

Property Insurance Coverage Law

Umpires and appraisers should always carry errors and omissions coverage. This lesson is evident from a recent opinion in First Protective Insurance Company v. O’Leary, 1 which affirmed the district court’s denial of arbitral immunity for an appraisal umpire. This holding has broad implications for the scope of protections afforded to professionals who serve in the … The post Can Umpires and Appraisers Be Sued by Parties Losing an Appraisal?

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Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Brokers

Insurance Journal

By L.S. Howard Strong returns in the reinsurance sector are attracting capital and leading to favorable pricing outcomes for buyers–but underwriting discipline continues, according to renewal reports from three reinsurance brokers.

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Can Umpires and Appraisers Be Sued by Parties Losing an Appraisal?

Property Insurance Coverage Law

Umpires and appraisers should always carry errors and omissions coverage. This lesson is evident from a recent opinion in First Protective Insurance Company v. O’Leary, 1 which affirmed the district court’s denial of arbitral immunity for an appraisal umpire. This holding has broad implications for the scope of protections afforded to professionals who serve in the … The post Can Umpires and Appraisers Be Sued by Parties Losing an Appraisal?

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Washington Board to Eye Insurer AI Use

Insurance Journal

Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle to look at the insurance industry’s use of AI and to get recommendations on policy development, oversight and consumer education.

More Trending

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How Crockett, Texas Turned a Devastating Tornado Into Funding for Sirens

Insurance Journal

A small East Texas community is in the final stages of installing a state-of-the-art disaster warning system officials have been working toward for years.

Risk 147
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Progress on MSC Baltic III continues

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Progress on MSC Baltic III continues appeared first on Insurance Marine News.

Marine 52
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Reputation Risk Can Overshadow Ransom in Cyberattacks, Aon Says

Insurance Journal

By Jahna Jacobson The cost of a cyberattack extends far beyond any immediate mitigation expenses or ransoms paid.

Risk 130
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China threatens to block Panama ports deal unless its shipping giant gets stake; report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post China threatens to block Panama ports deal unless its shipping giant gets stake; report appeared first on Insurance Marine News.

Marine 52
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Take the Hassle Out of Claims Management

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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Marsh Suit Against Alliant Alleges Poaching of Commercial Surety Team, Accounts

Insurance Journal

By Andrew G. Simpson Insurance broker Marsh USA is suing rival Alliant Insurance Services, this time for allegedly poaching key commercial surety employees and clients.

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Barcelona becomes latest Med city to reduce cruise ship capacity

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Barcelona becomes latest Med city to reduce cruise ship capacity appeared first on Insurance Marine News.

Marine 52
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Erie Insurance Restores All Operations After Month Outage; Says No Data Breached

Insurance Journal

Erie Insurance reports that it has restored full business operations that have been affected by a monthlong network outage.

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Do You Have All The Personal Insurance You Need?

McMahon Insurance Agency

Everyone needs insurance, but it can be difficult to understand exactly what coverage is necessary. Check out this blog for top tips from professionals!

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WCIRB: 2024 Losses, Expenses in California Workers’ Comp 108% of Earned Premium

Insurance Journal

Total losses and expenses in California’s workers’ compensation system incurred in 2024 were $16.7 billion, or 108% percent of earned premium, a report shows.

Premium 130
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EU package of sanctions includes ship registry, 105 vessels

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post EU package of sanctions includes ship registry, 105 vessels appeared first on Insurance Marine News.

Marine 52
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US Excess & Surplus Lines Growth Slowed Again in 2024; Berkshire, AIG Top Premium Rankings

Insurance Journal

By Susanne Sclafane A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4% in 2024, down from 14.5% a year earlier.

Premium 130
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Gibson enters maritime finance with RMK merger

Splash: Finance and Insurance

UK shipbroking firm E.A. Gibson is expanding into maritime finance through a merger with RMK Maritime, a move that will see the latter rebranded as E.A. Gibson Capital from August this year.

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Turning Non-Standard Risks into New Revenue: How Agents Can Capitalize on the Specialty Market

Insurance Journal

Independent agents could be turning away nearly half of their prospective clients. The years of independent agents chasing “standard and preferred” home and auto risks are quickly coming to an end.

Agents 130
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Russia orders ship hull sweeps after mysterious increase in ship explosions

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia orders ship hull sweeps after mysterious increase in ship explosions appeared first on Insurance Marine News.

Marine 52
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The New Approach to Hurricane-Strong Homes? Concrete Walls But Affordable

Insurance Journal

If wind mitigation and stronger homes are the path to reducing insurance claims and bringing down insurance premiums in hurricane-prone areas, as a growing number of industry experts believe, then homeowners, builders and insurers may want to take a look …

Premium 173
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Greek fleet will keep shipping approved Russian oil despite new EU sanctions; report

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Greek fleet will keep shipping approved Russian oil despite new EU sanctions; report appeared first on Insurance Marine News.

Marine 52
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Q2 Composite Personal Lines Rates Up 4.6%; Commercial Up 2.8%

Insurance Journal

According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased in the second quarter by 4.6% compared to 4.9% during the first quarter.

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Owner of drugs ship seized in 2023 denies charge

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Owner of drugs ship seized in 2023 denies charge appeared first on Insurance Marine News.

Marine 52
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Validating Mental Health Claims in Today’s Workforce

Insurance Journal

In recent years, there has been a surge in mental health awareness across the workers’ compensation landscape. These claims have become a higher priority for insurers, with an estimated one-in-five adults (51.

Claim 130
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Brazilian position on ballast water flip-flops again after court ruling

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Brazilian position on ballast water flip-flops again after court ruling appeared first on Insurance Marine News.

Marine 52
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Two More Insurers Enter Florida Market as Storm Season Warms

Insurance Journal

Two more property insurers put their toes in the Florida market this summer, bringing to 14 the number of new carriers in the state since 2023.

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People Moves: Wehmann Joins Alliant as SVP in Northern California

Insurance Journal

Betty Wehmann joined Alliant Insurance Services as senior vice president within its employee benefits group.

Insurance 162
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Drone Crashes, Security Threats Have States Demanding Power to Take Them Down

Insurance Journal

While authorities were desperately trying to save people from the deadly Fourth of July floods in Kerr County, Texas, a private drone collided with a search and rescue helicopter and forced it to make an emergency landing, one of the …

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Valuation & Terms of Small Books of Business

Insurance Journal

We get many calls about valuing small books of business and if it is worth it to do a valuation.

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Texas Flood

Insurance Journal

As of press time, Texas and the world are watching yet another unprecedented natural catastrophe unfold.

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When Insurance Isn’t the Optimal Risk Management Approach

Insurance Journal

On March 14, 2024, I made a blog post titled “Do You Have The Right Kind of Insurance?

Risk 130
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Travelers Subsidiary Ordered to Pay $44M in Missouri Wrongful Conviction Case

Insurance Journal

By John Hanna A man won $11 million in a lawsuit against police after his conviction for killing a Missouri newspaper’s sports editor was overturned, but the city’s former insurer resisted paying most of it for almost three years.

Insurance 130