Risk Management

On December 10, 2021, a tornado struck the plant, causing the building to collapse. Nine people were killed and several others were injured.

From sophisticated cyberattacks and deepfakes to social inflation and a plethora of pandemic-related business interruption claims, insurers have had a busy year.

Insurance-industry deals slowed in late 2022, but the outlook for 2023 isn't all bad.

Coverage endorsements can protect in-home systems and equipment from mechanical or electrical breakdowns and sudden and accidental loss.

Ransomware attacks may pack the biggest financial punch, but fraudulent fund transfers are an often underestimated foe of cybersecurity.

Issues slated to be addressed include boosting the availability of critical reinsurance and bolstering the financial stability of the state's insurer of last resort.

Hanover did not dispute that Fishbowl had been the victim of a data breach, but claimed that the client had been negligent.

Climate-related disasters have become the top concern of today's risk managers.