Social Inflation Key Factor in Rise of Loss Severity: AM Best June 3, 2024 Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024 June 3, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024, according...
Cabin Pressure: A Firsthand Examination of the Realities of Airline Worker Risks June 3, 2024 By Sarah Thomas For airline passengers and workers alike, it feels like trouble is lurking behind every cloud of late. Frightening scenes of...
Ban on Worker Noncompetes Faces Uphill Legal Battle May 20, 2024 By Daniel Wiessner The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts...
Louisiana Lawmakers Repeal ‘Three-Year Rule’ that Barred Policy Cancellations May 20, 2024 Property insurers in storm-swept Louisiana could soon gain much more flexibility over policy cancellations if the governor signs House Bill...
Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses May 20, 2024 By L.S. Howard Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon May 20, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,...
Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises May 20, 2024 By Nehemiah Balaoroin Cyber claims frequency in the United States rose 13% last year, a new report shows. According to the 2024 Cyber...
FTC Noncompete Ban Includes Key Revisions, But Faces Uncertain Future May 20, 2024 By Charles Symington When the Federal Trade Commission (FTC) issued its final rule banning the use of most noncompete agreements, many insurance agents...
The Gaming Boom: Potential Risks and Insurance Implications May 20, 2024 By Patrick Wraight You don’t have to look very far to understand that the gaming (gambling) industry in the United States is booming....