Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, implementation progress has been slower than expected, according to a recent survey. In addition, one particular area—analytics associated …
A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial buildings. The same report finds that businesses could lose more than 3.1 million days of operation from flooding next year. …
As the world struggles to contain the spread of COVID-19, many countries grapple with the possibility of imposing more lockdown measures, like those widely used in the spring of 2020. But how well do lockdowns work at keeping people home? …
During the pandemic, worker deaths decreased by 10.7% in 2020 compared to 2019, with 4,764 fatal workplace injuries, according to the Bureau of Labor Statistics in its annual report on workplace fatalities for 2020. This represents the lowest annual number …
Ten of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study. Hurricane Ida, a tropical storm that pummeled much of the eastern U.S. with lashing rain in August, killed at least …
The 2021 Atlantic hurricane season was the third most active on record and the sixth consecutive year of above-average hurricane activity. Still, the overall season was mostly in line with the updated 30-year average, according to experts from AIR Worldwide. …
UK businesses were hit by rising numbers of staff leaving their jobs voluntarily during 2021, with many employers facing the prospect of more resignations and a hiring crunch going into the third year of the pandemic, new research shows. Voluntary …
LONDON/HONG KONG – Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fueled frenetic levels of dealmaking. The …
November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars of economic losses, according to Aon’s monthly Global Catastrophe Recap report, which each month evaluates the impact of global natural …
Commercial insurance prices in general should stabilize in 2022, although not in cyber where increases from 50% to as much as 150% could be in store, according to one brokerage’s predictions. Willis Towers Watson also said that while the industry …
