Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in the year. Still, the amount of ultimate losses remains unclear and will take several years to determine in business interruption, general …
Aon’s first ever Errors & Omissions/cyber insurance product snapshot presents a pretty dire picture of worsening conditions. There were on average three new E&O cyber matters per business day in 2020, a whopping 100 percent increase from 2019, and most …
U.S. commercial insurance prices again grew significantly in the fourth quarter of 2020. Again, except for workers’ compensation. According to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS), prices charged on policies underwritten during the fourth quarter of 2020 …
Highly profitable sub-90 personal auto combined ratios recorded by 10 publicly traded property/casualty insurers in 2020 don’t look anything like the 106 recorded in 2016. But they’re headed in that direction, Fitch Ratings analysts suggest. Competitive pricing forces and a …
America’s infrastructure has scored near-failing grades for its deteriorating roads, public transit and storm water systems due to years of inaction from the federal government, the American Society of Civil Engineers reports. Its overall grade: a mediocre C-. In its …
The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called “upstream” construction techniques that some countries have banned. …
Insurance agency managers may need to reassess the future of the five-day-a-week office after the pandemic is over as nearly two-thirds of agency employees would like a mix of at-home and office going forward. That’s according to a report, Insurance …
Global property and casualty reinsurers saw “good” rate increases during the January 2021 renewals but they came up short of a hard market, dashing reinsurers’ hope of a strong start for 2021, according to a report from S&P Global Ratings. …
LONDON – The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on Tuesday. …
Homebuyers in nearly half of the states including hurricane-prone Florida can be left in the dark about the flood risks to their new house. The Natural Resources Defense Council (NRDC) ) has released an updated scorecard that shows which states …
