Liability
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US product recalls increased in first quarter, says Sedgwick
The number of product recalls in the US increased 14.2% during the first quarter of 2023, according to Sedgwick brand…
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European business faces further liability with new product safety rules
The EC has formally published the new General Product Safety Regulation (GPSR), which reforms a variety of product safety rules for manufacturers…
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Dutch government warns 3M of liabilities over forever chemical pollution
The Dutch government has notified US conglomerate 3M that it could be held liable for polluting a river with PFAS,…
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Climate litigation grows into financial risk for major carbon emitters, finds Grantham study
Climate litigation shaves an average 1% from the value of listed US and European corporations, according to Grantham Research Institute,…
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WTW launches intangible asset coverage
Willis Towers Watson (WTW) has launched Intangible Asset Protection, a coverage designed to protect businesses from intangible asset losses due…
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Market improving for buyers but nat cat property tough: Aon
Average insurance price increases stood between 1% and 10% across all global regions in Q1 2023 as upward rating pressure…
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Canadian P&C market stabilising with focus on risk quality
The Canadian property and casualty insurance market has stabilised, with increased competition and a more diversified appetite, says Aon, but…
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European business and insurers call for urgent reform of PLD
A group of leading European business federations, including Insurance Europe, have released a statement warning against the threat of potential…
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Insurers face fundamental change in business model
In economic terms, navigating an inflationary environment will be the biggest challenge in the coming years, and the insurance industry…
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Streamlined miscellaneous medical liability insurance from Beazley
Specialist insurer Beazley has launched a streamlined miscellaneous medical liability insurance product to both the US and London markets, with…
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Demand for July renewals will drive rate rises: Swiss Re
April reinsurance renewals saw rates increase further, with demand ahead of the July season setting the stage for pricing momentum…
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All major US commercial lines hardened in April: Ivans
All major US commercial lines saw month-over-month premium renewal rate increases in April, shows latest data from Ivans Insurance Service.…
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Capacity issues remain for Swedish risk managers
Swedish risk managers are still struggling to get the capacity they need despite an apparent softening of the market. While…
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Europe braces for rise in liability costs
European companies should prepare to face a rise in litigation costs thanks to social inflation around liability claims. This was…
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Cautious optimism for North American insurance buyers, says WTW
There are signs of cautious optimism in the North American insurance market and while the economic outlook for 2023 remains…
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US Supreme Court decision on Big Oil could fuel flood of claims
A recent decision by the US Supreme Court has dealt a “heavy blow” to Big Oil defendants seeking to move…
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Solid growth in 2022 for South Korean non-life insurers
In 2022, the South Korean non-life insurance market grew robustly, as all lines of business generated solid growth, according to…
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Double digit growth for US delegated underwriting firms in 2022
Business written through delegated underwriting authority enterprises (DUAEs) in the US grew by double digits for a second consecutive year…
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Q1 commercial insurance price increases in the Americas dominated by property
Commercial insurance pricing in the Americas increased again in the first quarter of 2023, according to the Marsh Global Insurance Market…
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Insurance price rises moderate in Europe during Q1
Continental European commercial insurance prices rose by 5% in the first quarter of this year compared to 6% in each…