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A new report from Zurich Insurance Group paints a concerning picture of the future as climate change continues to cause more extreme weather events and natural disasters. The paper, released this week, emphasizes the urgent need for action but also highlights that there are steps we can take now to better prepare for these challenges. … Read more

Attendees at the RIMS’ Riskworld annual conference in Chicago will have a chance to meet a group of eager students focused on risk management. These students are participating in the Spencer-RIMS Student Risk Management Challenge, a global competition that encourages college teams to create risk management reports based on a specific case study. The Spencer … Read more

Private equity firms are facing significant cybersecurity challenges, according to a recent whitepaper released by QBE North America. The document, titled “Private Equity Firms Enhancing Cyber Resilience of Portfolio Companies,” outlines the risks these firms and their investments encounter in today’s digital landscape. Dominic Keller, the global head of cyber services at QBE, shared insights … Read more

Modern commercial insurance brokers are facing significant challenges in 2025, as they adapt to changing market conditions and rising client expectations. Cynthia Beveridge, the global chief broking officer at Aon Commercial Risk, shared insights on these issues in a recent conversation with Insurance Business. One of the main hurdles for brokers is the fluctuating market … Read more

The grounding of the MSC Antonia near Eliza Shoals off the coast of Jeddah has raised serious concerns about the risks of cyber attacks in the maritime industry, particularly in the Middle East and North Africa (MENA). This incident has highlighted the increasing vulnerability of vessels to cyber threats, which can have real-world consequences. Experts … Read more

Norfolk Southern has faced growing criticism from residents of East Palestine, Ohio, following a train derailment in February 2023 that caused a major environmental disaster. The incident involved five tank cars filled with vinyl chloride, which were intentionally burned, releasing a large plume of toxic smoke that affected homes, schools, and farmland in the area. … Read more

Auto insurance rates in the U.S. have been on a rollercoaster ride, but recent trends show a slowdown in price increases. By the end of 2024, the growth in auto insurance premiums dropped to less than 2%, a significant decline from the staggering 13% rise seen at the beginning of the year. This shift has … Read more

At AM Specialty Insurance Co. in Dallas, Texas, Nishad Lad is leading a significant change in how the company processes claims. As the head of data and software development, he is introducing new technologies aimed at improving efficiency and accuracy in claims handling. Lad and his team have rolled out a new tool called the … Read more

A New York appeals court recently ruled that Utica First Insurance Company is not responsible for defending or compensating Nino & Nino Corp. in a wrongful death lawsuit. This decision came after an incident in July 2019 where Granville Wiltshire, an employee at Door Restaurant Corp., died from injuries sustained while working in a leased … Read more

The Baldwin Group has unveiled its 2025 Directors & Officers (D&O) Benchmarking Report, shedding light on the latest trends in insurance for public companies. Released on May 30, 2025, this fourth edition of the report highlights a significant decline in D&O premium rates and retentions, while also revealing a growing disconnect between the levels of … Read more