AXA XL has added new coverages to its pollution and remediation liability insurance for lenders, further protecting them from losses in the event of a loan default. The Protective Environmental Asset Coverage Enhancement (PEACE) endorsement, which can be added to …
Markets/Coverages: AXA XL Adds Coverages to Pollution and Remediation Liability Read More »
A new survey found three overarching themes that affect the purchase of flood insurance centered on awareness, action, and coverage misconceptions, according to Chubb’s Flood Risk and Resilience report. The survey of more than 1,500 high-net-worth homeowners, commercial businesses, agents, …
Flood Risk Misconceptions Drive Underinsurance: Chubb Read More »
Risk professionals’ salaries have increased an average of 11% since 2023, with chief risk officers/vice presidents of risk management seeing increases of 16%. The increases and other trends in risk management compensation are detailed in the RIMS 2025 Compensation Survey, …
North American Risk Professionals See Average 11% Salary Increase Read More »
Most carriers today generate leads from a mix of sources: agent driven activity, direct-to-consumer campaigns, affinity partnerships, and embedded insurance programs. Yet as acquisition costs rise and distribution ecosystems grow more complex, an insurance carrier’s competitive advantage is increasingly defined …
Viewpoint: Seamless Lead Sharing a Quiet Advantage In a World of Complex Distribution Read More »
Danone has recalled at least three batches of its Aptamil baby formula in Germany, a letter to a wholesaler showed on Thursday, as the French food producer scrambles to contain a scare over a toxin contamination that started with Nestle …
Danone Recalls Batches of Aptamil Baby Formula in Germany, Letter Shows Read More »
MSP Recovery, a now-famous Miami litigation firm, has won some and lost some in federal and state appeals courts in a decade-long enterprise that has earned it millions of dollars in fees for, essentially, moving funds from auto insurers to …
USAA Prevails in MSP Recovery’s Latest Class-Action Attempt Read More »
Trucordia Appoints Nelson as VP of Public Relations Trucordia hired Jason Nelson as vice president of public relations, a new role focused on the firm’s PR strategy, media presence, community engagement and brand. Nelson has more than two decades of …
Oregon recorded fewer accepted disabling workers’ compensation claims in 2024 even as statewide employment continued to rise, new data from the state’s Department of Consumer and Business Services show. The Oregon Workers’ Compensation Division received 21,749 accepted disabling claims last …
Oregon Disabling Workers’ Comp Claims Fell in 2024 Read More »
The federal investigation into the crash of a private jet that killed six people at Bangor International Airport has been hampered by extreme weather, the airport’s director said Wednesday, including deep snow that has blanketed the scene and covered the …
Investigation into Maine Plane Crash That Killed 6 Held Back by Weather Read More »
Los Angeles County District Attorney Nathan Hochman asked the county to hold off on making initial payments for a landmark $4 billion sexual abuse settlement while his office conducts a criminal investigation of potentially fraudulent claims. In a letter to …
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims Read More »
