Insurers Deploy Predictive Analytics, Artificial Intelligence in Fraud Fight January 31, 2022 By Jim Sams Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to...
Take This Year’s Agency Salary Survey: Deadline Friday January 31, 2022 Each year Insurance Journal asks retail agency owners, principals, producers, CSRs — the entire agency — to participate in the...
Crop Insurance Payouts Rise as Climate Change Worsens Droughts, Floods January 27, 2022 By Leah Douglas Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past...
Climate Risk Is Top London Market Challenge, IUA Survey Shows January 27, 2022 The top challenge currently facing London market insurance companies is climate risk, a new survey by the International Underwriting Association...
Only 38% of 2021’s Natural Disaster Losses of $343B Were Covered by Insurance: Aon January 26, 2022 By L.S. Howard Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to...
U.S. Surplus Lines Premium Up 22% in 2021 January 26, 2022 Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated...
Regional Cyber Conflicts Could Lead to Infrastructure Attacks in 2022: CyberCube January 25, 2022 Three regional cyber conflicts could lead to infrastructure attacks and damaging cyber espionage in 2022, a new report from cyber...
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch January 19, 2022 Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during...
Number of Insurance Agency M&As Rose 30% in 2021: OPTIS Partners January 19, 2022 There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to...
UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey January 19, 2022 The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5%...