There aren't many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The global non-life insurance industry’s $2 trillion in capital won’t last in a “black swan” event, such as a cyber attack or another pandemic, that hobbles the global economy.
Past regulatory rulings suggest employers will be allowed to mandate employees get a COVID-19 vaccine, but legal experts say companies should wait for vaccines to undergo a full regulatory review before setting such a mandate.
Premium renewal rates increased month-over-month in November for business owners policy, general liability, commercial property and workers compensation coverages, while rates decreased for commercial auto and umbrella, according to a new report.
Violence is a problem in the U.S., says an insurance industry expert. Acts of workplace violence can result in litigation and claims, and the costs of violence and its impact on property-and-casualty insurers and reinsurers are high.
A team of scientists at the University of British Columbia says tall buildings across the metro Vancouver region will shake much more than currently predicted by Canada’s national seismic hazard model if and when a magnitude 9.0 earthquake hits.
More than 8 million acres of U.S. land have burned so far this year due to wildfires. Regenerating the forests that sat on much of that land would ordinarily take years and involve hundreds of people manually replanting saplings grown in dedicated nurseries. Enter seed-dropping drones.
Major automakers are proposing a national pilot program for autonomous vehicle testing and deployment. They're asking regulators to make it easier to temporarily deploy and test self-driving cars that do not meet safety standards and asking Congress for tax incentives for research and development.