US P/C Industry Underwriting Loss Reaches 10-Year High: AM Best March 7, 2024 Industry rating agency AM Best said the U.S. property/casualty industry’s underwriting loss for 2023 reached a 10-year high of $38...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 4, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...
Rising Sea Levels Increase Threat of Arsenic in Drinking Water: Study March 4, 2024 By Kendra Pierre-Louis Rising seas due to climate change could exacerbate the threat of arsenic in drinking water, according to a study published...
Last Year Was Safest Ever to Fly, With No Jetliner Fatalities March 1, 2024 By Kate Duffy Last year was the safest ever for commercial flying by a number of measures, the airline industry’s global lobby said,...
US, Philippines Pay Highest Economic Price for Climate-Fueled Weather February 28, 2024 By Leslie Kaufman The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of...
Banks, Insurers Targeted as Climate Group Seeks EU Review of Deforestation Rule February 28, 2024 By Natasha White Climate activists are putting pressure on the European Union to reconsider its decision to exclude banks from a landmark deforestation...
UK Has More ‘Fragile Firms’ Than EU Peers: Allianz Report February 28, 2024 By Lucy White The UK has the highest proportion of “fragile firms” out of all major European economies, another sign of the headwinds...
Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’ February 27, 2024 The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346, down from 449 in...
Risk Models Behind Insurance-Linked Securities Are Getting a Lot Harder to Crack February 26, 2024 By Gautam Naik and Sheryl Tian Tong Lee As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on...
Fitch: Homeowners Insurers’ Results to Improve In 2024 February 23, 2024 U.S. homeowners’ insurance is in position to improve in 2024, according Fitch Ratings. The rating agency said premium revenue growth,...