U.S. consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion three-day online shopping frenzy that exceeded analyst expectations, kicking off the holiday season. Adobe Analytics said online spending on Monday was up …
Jamaica has secured up to $6.7 billion in support from international agencies to fund reconstruction over the next three years in the wake of Hurricane Melissa. Melissa, one of the strongest storms on record to make landfall in the Caribbean, …
A massive data breach at South Korea’s largest e-retailer Coupang Inc. caps what is set to be a record year for online leaks in the country, highlighting weaknesses in Seoul’s cyber defenses. Coupang, known for its popular early morning grocery …
For years, experts have discussed whether cat bonds could do more than just clean up after disasters—whether they could incentivize mitigation work to would lessen damages in the first place.
It is often said that things in life (good or bad) happen in threes. Whether this is true is beyond this author’s expertise. However, when it comes to Workers’ Compensation Medicare Set-Asides (WCMSAs), the financial arrangements to ensure that Medicare …
A three-year pilot program using video surveillance and coaching at New York City construction sites led to enhanced job safety and a more than 50% drop in workers’ compensation claims frequency. According to insurer Zurich North America, Zurich Resilience Solutions …
While insurance consumers may be warming up to artificial intelligence, 68% say they believe the insurance company gets most of or all the benefits of AI adoption. AI is becoming more ingrained and accepted as part of the insurance industry’s …
A barge carrying 192 shipping containers that ran aground in the Bahamas and was quickly looted has returned to Jacksonville, ending a stormy journey that will likely result in millions of dollars in insurance claims. The barge, known as the …
