Wildfires Could Affect Over Half of Canada’s Oil Sands Output: Report May 17, 2024 More than half of the oil sands production from Canada could be impacted if the wildfires in Alberta and British...
Overall US P/C Combined Ratio Improves in 2023 but Trouble Spots Remain: S&P May 16, 2024 The U.S. property/casualty industry’s net combined ratio improved in 2023 to 101.7 from 102.5 the prior year, according to S&P...
ECB Warns of Financial Stability Risks From Global Elections, Geopolitics May 16, 2024 By Alexander Weber Geopolitical tensions and a raft of elections around the world are heightening the risk that investors will be jolted by...
Insurance Research Council: Home Insurance Spend Tops Household Income Growth May 15, 2024 By Chad Hemenway According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over...
EU Firms’ Appetite for China Investment Sinks to Record Low May 10, 2024 By Bloomberg News China is losing its luster as a top country to invest in as firms seek to avoid geopolitical risks and...
Nuclear Verdicts Surge to $14.5 Billion in 2023 – Report May 10, 2024 By Ezra Amacher Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more...
World Extends Run of Heat Records for 11th Month in a Row May 8, 2024 By Eamon Akil Farhat April was the Earth’s 11th consecutive month of record-breaking heat, with warmer weather already sweeping across Asia and a hotter-than-usual...
Geopolitical Risks: Why Underwriters Are Watching Aggregations May 2, 2024 By George Barratt Executive Summary: With instances of violent unrest rising across the globe in recent years, property all-risk insurance programs bore significant...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon April 30, 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,...
UK Motor Premiums Start to Stabilize but Costs to Insurers Mount: ABI April 29, 2024 Motor premiums increased by just 1% in the first quarter of 2024, indicating an easing of the price rises seen...