Industry News

​Pandemic-Recovery Aviation Risks to WatchThe aviation industry is slowly rebounding. But as more aircraft return to the skies, there has been much discussion about the hazards that may arise from such an unprecedented period as well as some of the potential long-term impact on the sector as a whole.Cyber Insurance Claims Trends to Watch in 2022The cyber landscape has undergone a dramatic transformation since the onset of the pandemic, bring out new trends in what sophisticated hackers are doing. Vaccine Mandates are in Limbo While Employers Wait for Court RulingA Willis Towers Watson survey found that 32% of employers plan to add vaccine rules only…

​AIG, Underwriters Leaning on Reinsurance with Prices Set To JumpAmerican International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price hikes are coming.6 Factors That Will Shape P&C Insurance by 2025With a projected compound annual growth rate (AGR) of almost 6%, according to Mordor Intelligence, the U.S. property and casualty (P&C) insurance market outlook for 2020-2025 looks robust.Here's Why Many Workers are Now Hunting for a New JobUsing data from a survey of more than 200 professionals, The Chiral Project, they found…

​The newly-created New York State Office of Cannabis Management has proposed new regulations that would govern the personal cultivation of cannabis plants. If adopted, the proposal published in the Nov. 17, 2021 edition of ​New York State Register would set the legal parameters for individuals who wish to grow marijuana plants  in their homes. Growing cannabis at home may increase the risks of losses covered by homeowners and renters insurance.The proposed rules permit cultivation of cannabis plants by individuals over age 21 in or on the grounds of their private residences. There are limits on the permissible number of "mature plants" (flowering plants visibly budding) and "immature plants"…