Many Re/Insurance Buyers Are ‘Frustrated’ With Multiple Years of Price Rises January 5, 2022 By L.S. Howard Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved...
2021 Ranked as Fifth Hottest Year by EU Climate Change Service January 5, 2022 By Eric Roston The year 2021 ended as the fifth hottest in records maintained by the European Union’s Copernicus Climate Change Service that...
COVID-19 Claims of $44B Are 3rd Largest Catastrophe Loss: Howden January 4, 2022 Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind...
January Renewals ‘Orderly’ but Loss-Affected Programs Saw More Challenges: Carpenter January 3, 2022 The January 1 renewals saw “ample capacity” for many lines, although reinsurers adjusted their risk appetite and pricing “for certain...
Opioid Scripts Decreased But Fatal Overdoses Increased. Doctors Urge New Approach. December 30, 2021 Doctors with the American Society of Anesthesiologists are calling for a new approach to fighting the opioid crisis, one that...
Study Links Exposure to Formaldehyde at Work to Cognitive Problems Later December 29, 2021 A new study suggests that long-term exposure to formaldehyde during work may be associated with cognitive impairment later on. A...
Despite Slow Going, P/C Insurers Still Love Advanced Analytics. Except Maybe Telematics. December 28, 2021 By Susanne Sclafane Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and...
Businesses Can Expect to Spend $13.5 Billion on Repairs Due to Flooding in 2022 December 28, 2021 A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial...
Study Finds Pandemic Lockdowns Only Work for a Limited Time December 28, 2021 As the world struggles to contain the spread of COVID-19, many countries grapple with the possibility of imposing more lockdown...
Workplace Fatalities Fell 10.7% During Pandemic in 2020 But Severe Illness Cases Rose December 27, 2021 During the pandemic, worker deaths decreased by 10.7% in 2020 compared to 2019, with 4,764 fatal workplace injuries, according to...