Global Reinsurers Could Be Greatly Underestimating Exposure to Climate Risk: S&P September 24, 2021 Reinsurers’ estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by...
Private Flood Insurance Market Small But May Grow With New NFIP Rating: AM Best September 23, 2021 The country’s flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government’s program for...
Insurance M&A Activity Slowed in P/C Sector in First Half of 2021 September 23, 2021 Merger and acquisition activity increased in the first half of 2021 in most insurance sectors but not in the property/casualty...
Social Inflation or Science: What Is Fueling Climate Litigation? September 23, 2021 By Susanne Sclafane A rising amount of litigation tied to the environmental and health impacts of greenhouse gas emissions prompted a question from...
Robots Take Over More Jobs Where Humans Are Aging September 23, 2021 By Timothy Aeppel It turns out robots are taking over jobs fastest around the world in places where their human counterparts are aging...
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks for High-Rise Recladding Projects: Survey September 20, 2021 Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high...
Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds September 16, 2021 By L.S. Howard A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting...
P/C Mutual Insurers Continued to Grow Premiums in 2020 Despite Givebacks September 15, 2021 U.S. P/C mutual insurance companies held their own in 2020 despite returning significant levels of premiums during the pandemic. In...
Most Commercial Lines Continuing to Win Healthy Price Increases September 14, 2021 While aggregate U.S. commercial insurance price hikes continue to moderate, most lines are still producing robust price increases, according to...
What Smart People Get Wrong About Climate Change Extremes: Opinion September 14, 2021 By Kate Mackenzie, Bloomberg Opinion If anyone should be attuned to the real-world impacts of global warming, it’s the policy makers and business heads that...