Hiscox Completes Legacy Reinsurance Deal with Enstar Group June 3, 2021 Bermuda-based specialist insurer Hiscox Ltd. has completed a loss portfolio transfer (LPT) agreement with Enstar Group Ltd., whereby Enstar’s Syndicate...
COVID Takes Big Bite from Multiline Insurers’ Earnings, in ‘Manageable’ Event: S&P May 28, 2021 By L.S. Howard The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit...
Cyber Insurers Hike Rates But Worry About Pricing Long-Term As Losses Mount: Fitch May 27, 2021 U.S. insurers offering cyber coverage have been implementing significant pricing and underwriting actions in 2021 in response to a spike...
Rising Global Temperatures Move Closer to Climate Change Tipping Point: U.N. Report May 27, 2021 By Andrea Januta There is now a 40% chance that global temperatures will temporarily reach 1.5 degrees Celsius above pre-industrial levels in the...
Wolves Get Credit for 24% Drop in Deer-Auto Collisions May 26, 2021 By Christina Larson Ecologist Rolf Peterson remembers driving remote stretches of road in Michigan’s Upper Peninsula and seeing areas strewn with deer carcasses....
Western U.S. Wildfires Have Made Insurance for Contractors a Tough Buy May 25, 2021 By Don Jergler Things look bad with California’s ever-sooner wildfire season seemingly approaching and what’s shaping up to be a severe drought across...
The Highs, Low of Agency Q1 Profitability and the Post-Pandemic Path Forward: Reagan May 25, 2021 Insurance agencies reported a couple of highs and a low in first quarter profitability results, according to the latest Reagan...
Canada Faces Mega-Hurricanes if Climate Change Pushes Storms North: Swiss Re Warns May 21, 2021 By Danielle Bochove Climate change is making hurricanes bigger and stronger, and it may soon push them farther north. Yet Canada’s homeowners, businesses...
Businesses Should Expect More Product Recalls, Regulations After Covid: Sedgwick May 20, 2021 While the effects of the COVID-19 pandemic have kept inspections and product recall incidents at low levels, businesses should expect...
Fed Warns Credit Scores ‘May Lose Some Power’ After Covid May 20, 2021 By Jenny Surane The Federal Reserve Bank of New York warned that credit scores — the all-powerful number that can determine if a...