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...
Global Insured Natural Disaster Claims Again Dominated by Severe US Storms: Gallagher April 18, 2024 By L.S. Howard Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with US claims accounting for...
Climate Change to Cause $38 Trillion a Year in Damages by 2049 April 18, 2024 By Laura Millan Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages...
Time-Tested Loss Reserving Methods Challenged: AM Best April 17, 2024 Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve...
Coral Reefs Around World Undergoing Mass Bleaching as Oceans Warm: Scientists Warn April 17, 2024 By Alexa St. John Coral reefs around the world are experiencing global bleaching for the fourth time, top reef scientists declared Monday, a result...
Triple-I: Insurance Economic Drivers Outperform Overall US GDP April 17, 2024 The economic drivers of the U.S. property/casualty (P/C) insurance industry are growing faster than the nation’s Gross Domestic Product (GDP)...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023 April 16, 2024 The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium...
Inflation Continues to Increase Insured Property Exposures Globally: PERILS April 16, 2024 Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at...