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...
Price or Safety? Priorities Change for Small Businesses After a Workers Comp Claim April 26, 2024 Previous workers’ compensation claims can present an opportunity for agents serving small-business clients. The Hanover’s “2024 Small Business Risk Report:...
Global Insurance Prices Continue Moderating as Rates Decline in Most Regions: Marsh April 24, 2024 Global commercial insurance rates increased by 1% on average in the first quarter of 2024, compared with a 2% increase...
Risk Perception Drops After Hurricanes: Study April 23, 2024 As time passes after hurricanes, new analysis by Stanford University researchers shows perception of personal risk, including the likelihood of...
Strong Prices Support London Market Profits, Prompting Revision in AM Best Outlook April 22, 2024 The strong pricing environment for most business lines written in the London insurance market is expected to support good underwriting...
World’s Workers Increasingly at Risk as Climate Changes: Int’l Labour Organization April 22, 2024 More than 70% of the global workforce is exposed to risks linked to climate change that cause hundreds of thousands...