These Roads Aren’t Built for Wilder Weather Driven by Climate Change February 13, 2025 By Kendra Pierre-Louis California’s Highway One, stretching more than 650 miles along the Pacific Coast, is one of America’s most popular roadways because...
Viewpoint: New Year, Old Challenges for European Insurers February 13, 2025 By Volker Kudszus, S&P Global Ratings The European insurance sector saw high levels of claims inflation in 2024. In motor-related material damage in particular, claims inflation...
Insured Losses From Calgary Hailstorm Reach C$3.25B as 2nd Costliest Canada Disaster February 12, 2025 The tally for Calgary’s record-breaking hailstorm last August continues to rise, with total insured losses now estimated to be C$3.25...
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, AM Best 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...