Risk Management

Insurers Praise Ottawa's Trucking Fraud Crackdown, Urge More
Risk Management Insurers Praise Ottawa's Trucking Fraud Crackdown, Urge More

In a landscape where commercial trucking forms the backbone of Canada’s economy, the persistent shadow of fraudulent practices has long threatened both road safety and insurance affordability, casting a heavy burden on law-abiding businesses and policyholders alike. The Canadian property and

Specialty Insurance Market Set to Reach $215.8B by 2030
Risk Management Specialty Insurance Market Set to Reach $215.8B by 2030

The specialty insurance market is emerging as a crucial safeguard in an era where traditional policies fall short against the backdrop of increasingly complex and unique risks facing businesses and individuals today. From disruptions in global supply chains to the devastating impacts of

GEICO Faces $69.7M Lawsuit Over Unpaid Taxes and Penalties
Risk Management GEICO Faces $69.7M Lawsuit Over Unpaid Taxes and Penalties

In a legal showdown that has sent ripples through the insurance sector, GEICO Group insurers are embroiled in a federal lawsuit brought by the Municipal Association of South Carolina, with claims of unpaid municipal business license taxes and penalties amounting to a staggering $69.7 million. This

How Can AI Transform Wildfire Risk Insurance in the West?
Risk Management How Can AI Transform Wildfire Risk Insurance in the West?

In the vast, arid landscapes of the Western United States, wildfires have become an ever-looming threat, destroying thousands of homes and causing billions in damages each year. The recent Los Angeles wildfires, which razed over 57,000 acres and obliterated more than 18,000 structures, serve as a

Why Are LA Fire Survivors Demanding Insurance Chief's Resignation?
Risk Management Why Are LA Fire Survivors Demanding Insurance Chief's Resignation?

In the wake of catastrophic wildfires that have scarred Los Angeles County, countless survivors are grappling with an additional burden beyond the loss of their homes: the struggle to secure the insurance payouts they desperately need to rebuild. These individuals, having endured unimaginable

Cargo Insurance Business Model: Profit Trends for 2025
Risk Management Cargo Insurance Business Model: Profit Trends for 2025

The cargo insurance industry is experiencing a transformative era in 2025, propelled by the unprecedented scale of global trade and the intricate web of modern supply chains that span continents. As goods move across oceans, skies, and highways at a staggering pace, the risks of damage, theft, or

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