Business Insurance

This article discusses the impact of climate change on global weather patterns and the economic toll of extreme weather events, focusing on the role of private insurers in flood risk management. It emphasizes the need for investment in mitigation and resilience to address rising insurance costs.

Triple-I celebrates Black History Month by sharing inspirational stories of Black business owners who demonstrate resilience and ingenuity in challenging times.

This article explores the trends and developments in shipping losses and safety, focusing on factors such as extreme weather, machinery breakdown, fires, piracy, and the impact of the global pandemic. It also discusses the challenges posed by larger vessels and the need for improved fire detection and firefighting capabilities on large vessels.

This article discusses the current challenges faced by the U.S. property/casualty insurance industry, focusing on profitability pressures, trends in personal and commercial auto insurance, and the state of general liability and workers compensation. It provides insights into the factors driving these trends and offers advice for readers to stay informed.

This article provides a comprehensive guide to understanding and mitigating lightning risks, emphasizing the importance of assessment and protection systems for various types of properties.

This article delves into the concept of social inflation, focusing on litigation funding and its impact on the insurance industry. It provides a detailed exploration of the causes and effects of social inflation, the role of litigation funding, and offers insights for readers to navigate these complex issues.

Triple-I CEO Sean Kevelighan discusses how U.S. insurers are leading on climate risk management, focusing on ESG commitments, investment decisions for carbon emission reductions, and the Resilience Accelerator initiative to enhance community resilience.

Triple-I CEO Sean Kevelighan discusses the urgent need for comprehensive risk management strategies in the face of increasing economic, political, and environmental challenges. He emphasizes the role of technology and collective responsibility in predicting and preventing losses.

This article delves into the intricacies of business interruption claims related to COVID-19, examining policy language, recent legal cases, and legislative efforts. It provides practical advice for businesses and highlights the importance of timely action and professional consultation.

This article explores the evolving impact of COVID-19 on workers' compensation, discussing the differences from the Great Recession, the rise of telecommuting, and the need for new catastrophe modeling provisions.

This article discusses the growing financial impact of climate change on the insurance industry and how insurers are increasingly taking the lead in addressing climate risks. It highlights historical data on weather-related losses and the industry's sophisticated modeling capabilities, emphasizing the need for proactive measures.

This article discusses recent legislative measures in Virginia, Tennessee, and Nevada aimed at protecting workers and businesses during the COVID-19 pandemic. It highlights the comprehensive health and safety standards in Virginia, Tennessee's special legislative session on liability, and Nevada's liability shield measure for essential sectors.

The WCRI's 35th Annual Issues and Research Conference provided insights into the future of work, opioid prescribing, telemedicine, and state workers' compensation systems. Attendees gained valuable knowledge and networking opportunities.

This article explores the growing impact of telemedicine on workers' compensation insurance, highlighting its benefits, challenges, and future potential. It also provides practical advice for readers to stay informed about this evolving field.

This article explores the impact of COVID-19 on workers' compensation systems, examining state-level actions, variations in coverage, and the implications for future research. It provides insights into the evolving landscape and offers practical advice for navigating these complexities.

This article explores the impact of the COVID-19 pandemic on various insurance sectors, including auto, business interruption, and cybersecurity. It highlights industry responses and provides insights into navigating these unprecedented challenges.

This article challenges the common perception of insurance as a boring industry, revealing its dynamic nature in managing various risks, from traditional perils to emerging cyber threats.

This article discusses the growing trend of frivolous lawsuits and their impact on businesses and consumers, particularly in the context of social inflation and the COVID-19 pandemic. It provides insights into the phenomenon of lawsuit abuse and offers practical advice for businesses to protect themselves.

Florida's property insurance crisis is deepening as the 2022 hurricane season begins, with three insurers already declared insolvent. The $2 billion reinsurance fund may not be sufficient, and private reinsurers are withdrawing from the market. Southern Fidelity Insurance Company could become the fourth insurer to fail this year.

This article explores the debate over business interruption coverage in property policies and its application to COVID-19-related losses. It discusses policy language, insurer arguments, and practical advice for policyholders.

This article explores the complex landscape of COVID-19 insurance claims and litigation, including litigation over business interruption coverage, pandemic relief efforts by insurance companies, and regulatory and legislative responses to the pandemic.

Karen Clark's career in catastrophe risk modeling has been marked by innovation and resilience, breaking barriers as a woman in a male-dominated industry and continuously pushing the boundaries of what is possible in risk management.

This article delves into the insurance industry's 2022 underwriting losses, contrasting commercial and personal lines performance, and forecasts future prospects for 2023 and beyond. It emphasizes the need for adaptability and informed decision-making in navigating economic challenges.

Florida has made significant improvements in its legal climate, leading to its removal from the 2020 'Judicial Hellholes' list. Key reforms include curbing Assignment of Benefits litigation and new appointments to the Florida Supreme Court.