Corporate Risk

A ban on European Union insurers covering Iranian oil exports has forced shipowners to fall back on new, untested insurance providers, raising fears that governments may have to pay in the event of an oil spill.

Businesses in New York and New Jersey that were preparing insurance claims for losses from Superstorm Sandy now have a second headache: how to deal with new losses from an early winter snow storm.

While the mainstream press is focused on property damage, insurance-industry players know that business-interruption claims from commercial clients are going to account for a hefty percentage of the claims. "The impact on the supply chain is going to be dramatic," FM Global Vice President of Research, Dr. Louis Gritzo tells...

Insurers must set aside more capital against their mortgage-related investments to protect against possible future downturns in the housing market, state regulators agreed on Friday.

Hurricane Sandy, a storm that forecasters say is on a scale with little precedent on the East Coast, is likely to trigger a significant volume of commercial property claims, according to Willis, the global insurance broker.

Many states have passed laws allowing citizens to carry concealed weapons, creating liability exposures that the prudent employer will not ignore.

Companies shopping in the $237 billion U.S. commercial-insurance market are purchasing liability products more than any other type of coverage, a recent study shows.

Companies facing the upcoming ORSA may consider using the NAIC Risk Based Capital measure to meet the assessments requirementsbut the RBC has limitations.