The Scoop - February 2024

Read our collection of notable articles from across the industry.

• How are cyber threats evolving in 2024? Ransomware attacks are becoming highly sophisticated, often involving a double or triple extortion. Tune into this Insuring Cyber podcast for details.
• Are cyber rates still going down? While the cyber insurance market may continue to soften in 2024, some factors could slow the speed of rate decline.
• Cyber insurance does more than help businesses recover following cyberattacks; it also provides businesses with expertise and data to proactively manage exposures. 

• Have fears of cyber-related D&O claims and COVID-19 lawsuits come to fruition? Here’s a look at how three recent predictions have panned out.
• Has the startup bubble burst? Many promising tech startups are shutting down or filing for bankruptcy, and investors say this may only be the beginning.
• The D&O market turned faster than expected with lower rates and increased capacity creating a positive dynamic for buyers. Will these conditions last? Here’s what’s happening in D&O.
• 2023 was an eventful year for directors’ and officers’ liability insurance. From AI to ESG and beyond, this article recaps the top 10 D&O developments and their implications for the year ahead.

• What does 2024 hold in store for EPLI? Watch for the impact of claims related to marijuana use, COVID-19, age discrimination, and retaliation.

• Nearly two-thirds of all transaction risk insurance claims have involved payments of $10 million or more, making severity a key claims factor in the market.

• Medical malpractice premiums have been rising. While this has been hard on healthcare providers, it's also paved the way for a new program with tech-powered, custom pricing.

• How will inflation affect the insurance industry this year? Most lines of business will be impacted, with both economic and social inflation continuing to put pressure on insurers.

The materials linked herein are authored by sources external to RT ProExec and its accuracy, completeness and relevance has not been independently verified by RT ProExec. The information is provided “as is” and without warranty of any kind. These articles are intended for information purposes only and is not a substitute for professional advice. Any questions should be discussed with a licensed insurance professional.

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