Economic news and global market trends
MEMIC has announced a $17 million dividend for eligible policyholders, reflecting a decrease from prior years but emphasizing strong company performance.
Experts emphasize the importance of understanding the trade-offs between blended and separate cyber liability and tech E&O insurance policies.
Fifteen U.S. states are suing Corteva, claiming its recent spinoff into Vylor aims to shield assets from significant PFAS-related liabilities.
A striking 54% of workers compensation injuries in 2022-2024 involved employees with less than two years of experience, according to recent WCRI findings.
NFP has appointed Kate Henry as the new president of its U.S. regions, a pivotal role overseeing regional leaders within the brokerage.
An Oregon appeals court reinstated a Trader Joe's workers' comp claim, citing new claims-processing rules applicable to ongoing disputes.
A Missouri court determined that a manufacturer's withdrawal of a job offer invalidated an arbitration clause related to discrimination claims.
California's workers' compensation medical payments have risen significantly since the pandemic's onset, with construction claims seeing the highest increases.
Lori Seidenberg has launched POC, a consulting firm specializing in risk management services aimed at companies navigating complex risk environments.
A Massachusetts court has extended Howden's deadline to produce documents in a lawsuit initiated by Brown & Brown over employee transitions.
Lloyd's Market achieved a pre-tax profit of £10.6 billion in 2025, marking a 50% rise despite catastrophic losses and competitive pricing pressures.
A federal judge ruled against Cincinnati Insurance for bad faith in denying business interruption claims from North Carolina restaurants during the pandemic.
Lloyd’s first-half profit dipped 17% to £3.5 billion despite a 7% rise in gross written premiums, indicating the impact of market pressures.
Increasing surplus capital among reinsurers is likely to drive mergers and acquisitions, shifting focus towards growth through strategic acquisitions.
A New Jersey judge determined that a joint insurance fund does not qualify as an insurer and thus is not liable for a $4.75 million settlement.
The EU's goal of achieving 90% gas storage before winter is hindered as LNG exports shift to Asia due to supply issues from the Iran conflict.
Florida's insurance market shows signs of recovery, with reduced fraud and plunging premiums due to recent tort reforms, though challenges remain.
Christina Montes De Oca, CEO of Coface North America, shares how trade credit insurance adapts to uncertainty and evolving market demands.
Coface's net income fell to €108 million in the first half of the year due to economic stagnation and tariffs, although revenue exhibited slight growth.
Accredited Insurance expands its marine risk coverage in Greece and Cyprus through a new partnership with Hellenic Hull Management.