Insurers Pay Record Claims for Weather-Related Damage in UK: ABI February 11, 2025 Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in...
It’s ‘Virtually Certain’ the World Has Already Breached 1.5C Warming Limit February 11, 2025 By Kendra Pierre-Louis The world may have already missed its chance to limit global warming to 1.5C, according to two new studies in...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh February 5, 2025 By L.S. Howard Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 –...
Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge February 4, 2025 By Dawn Walker The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within...
City of London Hit Harder Than Rest of Economy Since Brexit Vote February 3, 2025 By Tom Rees The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the...
Theft and Violence in UK Retail Soar to Record Levels, Survey Shows January 30, 2025 By James Davey Theft and violence against retail workers in Britain soared to record levels last year and are “out of control,” driven...
Climate Change Will Lead to Higher Deaths in Europe, Study Shows January 29, 2025 By Olivia Rudgard As Europe gets hotter, more people are expected to die from extreme heat, outweighing the reduction in those killed by...
2025 Agency Salary Survey: Deadline Approaching January 28, 2025 It’s the final days to take this year’s Agency Salary Survey. All respondents will receive a copy of the report...
Oceans Are Warming Faster and Faster as the Earth Traps More Energy January 28, 2025 By Danielle Bochove The world’s oceans are warming four times faster than they were in the late 1980s, according to a new study....
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch January 24, 2025 By L.S. Howard The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s...