U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses October 12, 2021 The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and...
U.S. Has Had 18 Weather Events Each With $1 Billion Losses Thus Far in 2021 October 12, 2021 Through the end of September, there have been 18 weather and climate disaster events with losses exceeding $1 billion each...
Risk Scores for Underwriters, Brokers Reveal Companies’ Likelihood of Being Sued October 7, 2021 By Susanne Sclafane Last week, Praedicat, a liability risk analytics company, announced that it launched a new Company Risk Score designed to simplify...
July’s European Floods Generated Largest Non-U.S. Insurance Industry Loss in 2021 October 7, 2021 The extreme flooding event in Western Europe in mid-July generated the largest insurance industry loss figure so far this year...
Climate Change Impact: 40% Chance of ‘100-Year Storms’ Over 20-Year Span October 6, 2021 By Susanne Sclafane While events like Hurricane Ida and a Texas winter freeze demonstrate wide-reaching impacts of climate change to all but ardent...
Climate Reckoning Is Coming for the World’s Government Debt October 5, 2021 By Jill Ward For years climate scientists have warned about the ferocious wildfires and hurricanes that are now overwhelming many communities. Today alarms...
Workers’ Compensation Reserve Redundancy Reaches $14 Billion, Reports NCCI October 4, 2021 By Jim Sams Workers’ compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to...
Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh October 1, 2021 By L.S. Howard Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face...
1 in 4 Large Firms Has Vaccine Mandate for Employees, With More Coming: Gartner October 1, 2021 By Matthew Boyle One in four companies has instituted a vaccine mandate for U.S. workers, a sharp increase from last month, following President...
Workers’ Compensation Underwriting Results Again Beat Other Lines in 2020 September 30, 2021 Workers’ compensation underwriters have been consistently generating better underwriting profits than other property/casualty lines of business, and did so again...