Some see a plastics complex near Pittsburgh as a boon for a struggling region. Others fear a return to a toxic past for a product the world needs less of.
With a number of cargo containers bottlenecked at California's ports, another problem has ensnared the companies trying to ship goods, and the customers and shops waiting for those supplies. Theft.
U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24.3 billion the year before, with gains coming as the country continued to recover from COVID-19’s economic disruption, according to a new report from the American Property Casualty Insurance Association and data analytics company Verisk.
The COVID-19 pandemic has upended virtually every aspect of life for American consumers, from how we engage socially and how we work to how we shop and play.
Stricter federal methane regulations are probably one of the few areas where environmentalists, oil majors and the top oil lobbying group are all on the same page. That makes it a slam dunk for President Biden.
Verisk Analytics, the global data analytics firm, has acquired North Carolina-based Data Driven Safety to expand its automobile insurance underwriting data business, Verisk announced.
In the latest new product roll-out to its specialty insurance and reinsurance lines loss reporting services, Property Claim Services (PCS) will now provide data on worldwide aviation loss events.
As U.S. merchants grapple with clogged ports as well a shortage of truck drivers, warehouse workers and front-line employees, the supply-chain snarls are leading to another concern as the pandemic drags on: cargo theft.
These are challenging times for personal and commercial auto insurance leaders: Trends that were already in play have been accelerated by the COVID-19 pandemic, and the level of competition is forcing insurers to do more with less.
Some insurers are meeting demographic and societal changes by providing new products and services designed to serve diverse communities. Insurers say they want to reach consumers of all backgrounds who are searching for ways to protect their homes, their businesses and their lives.
Workers in 38 of the top 100 cities for foreign direct investment are at high or extreme risk of human rights abuses, according to a new report by risk and strategic consulting company Verisk Maplecroft.
Fires raged. Rivers flooded. Ice melted. Droughts baked. Storms brewed. Temperatures soared. And people died. Climate change in 2021 reshaped life on planet Earth through extreme weather.
A compilation of the latest announcements, partnerships and products that are likely to have an impact on the insurance industry today.
Typically, ransomware events trigger cyber policy coverages for investigations, data restoration and extortion costs. The average ransomware claim rose more than 50% to $74,354 in 2020 from $48,709 in 2019, according to one U.S. cyber market study, and the FBI reported ransomware complaints increased by 20% in 2020 from 2019.
In a bid to help property insurers better assess wildfire risk, insurance analytics provider Verisk is incorporating data on community wildfire mitigation efforts into FireLine, its property-level risk scoring tool.