Reinsurers Maintain Their ‘Heightened Risk Aversion’ During June 1 Renewals: Report June 2, 2023 Reinsurance rates continued to harden during the June 1 renewals, with risk-adjusted property-catastrophe pricing up 33% on average, according to...
Cyber Attack Could Threaten Canada’s Overall Financial Stability: Central Bank May 23, 2023 The Bank of Canada on Thursday [May 18] said it was worried that a major cyber attack on one part...
World’s ‘Carbon Majors’ Face Biggest Share Price Hit From Climate Litigation: Study May 23, 2023 The world’s ‘carbon majors’ in the energy, utilities and mining sectors face the biggest share price hit when climate-related lawsuits...
Update: Oil Majors Should Pay $12B to Repair Damage in Nigeria: Report May 16, 2023 By William Clowes Oil companies including Shell Plc and Eni SpA should pay $12 billion to repair environmental devastation in Nigeria’s crude-rich Niger...
Insured Losses for New Zealand North Island Floods Estimated at NZ$1.8B: PERILS May 8, 2023 Insured losses for New Zealand’s North Island floods of Jan. 27 to Feb. 2 are estimated at NZ$1.75 billion ($1.1...
34% of Workplace Injuries Occur in First Year on the Job: Travelers May 5, 2023 More than a third of workplace injuries occur during employees’ first year on the job, regardless of age or industry...
D&O Prices Plummeting: Record-Level Q1 Drop for Decade May 3, 2023 The year-over-year decline in D&O insurance prices for the first quarter of 2023 is greater than any prior drop over...
What to Expect: WTW Spring Commercial Insurance Forecasts Mixed May 3, 2023 In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for...
MGAs, DUAEs Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best May 3, 2023 Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate...
Scientists Probe Sudden Spike in Ocean Temperatures May 2, 2023 By Seth Borenstein The world’s oceans have suddenly spiked much hotter and well above record levels in the last few weeks, with scientists...