In 2023, 44,986 motor vehicle fatalities happened in the United States averaging 3,749 deaths per month, or about 123 daily. A recent study by baderscott.com conducted a thorough analysis, identifying the safest and riskiest states for driving based on the car accident fatality rate. New York has emerged as the safest state for car driving, boasting […]
Despite Law Enforcement Stopping Significant Q4 Activity, 2023 Ransomware Incidents Still Surpass 2022 by Nearly 70 Percent and Active Ransomware Gangs Grow by 34 Percent Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, has released its Q4 2023 Ransomware Report. Featuring data collected from ransomware leak sites, the report […]
Active Insurance Provider to Expand Cyber Offering to Include MPL by Endorsement Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced it now offers Miscellaneous Professional Liability (MPL) Insurance. This coverage helps protect against the impact of a claim that a business committed errors and omissions in […]
Insurers outsourcing investment management reported lower levels of concern with key portfolio challenges 62% of U.S. P&C/life insurers expect to add investment risk in 2024 · 51% expect their allocations to private assets will be at least 20% in the next two years · Three in four insurers using or piloting AI in investment process […]
With economies contracting and unemployment rising, credit risk has moved to the top of the risk management agenda, according to Deloitte’s biennial survey on the state of risk management in the financial services industry globally. Twenty percent of the chief risk officers at financial institutions surveyed identified it as the No. 1 risk they see […]
[ RISKMANAGEMENT] By Michelle Impey, Fine Art Director, Fireman’s Fund Insurance The Vulnerability of Art: Collection Risk Management Tips When I visit the homes of high net worth clients to assess their art assets as the Fine Art Director with Fireman’s Fund Insurance, providing loss prevention advice is my primary objective. Whether it is a […]
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