Insured Losses from July Floods in Germany Could Approach $6B: AIR Worldwide July 28, 2021 AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6...
Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh July 28, 2021 Global commercial insurance prices rose 15% in the 2021 second quarter, continuing a stunning track record of increases but far...
Workers’ Compensation Research Study Shows No Treatment Delays Due to COVID July 26, 2021 By Jim Sams COVID-19 did not delay medical treatment for workers’ compensation claimants, but did decrease the amount of emergency care and other...
Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re July 26, 2021 By Alwyn Scott The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the...
London Staff Want Big Pay Raises Before Returning to Their Desks Full-Time: Survey July 23, 2021 By Eamon Akil Farhat London office workers want an average pay rise equivalent to the cost of some annual railway season tickets to return...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase? July 22, 2021 By L.S. Howard With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s...
First Half Insured Losses From Natural Disasters Reach 10-Year High July 21, 2021 Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the...
Advisory Firms Aite Group and Novarica Merge with Backing From Pamlico July 21, 2021 Two Boston, Mass.-based advisory and research firms for the insurance industry are now one. Aite Group and Novarica Inc. said...
Casualty Proves to Be a Good Diversifier for Reinsurers: Aon July 21, 2021 Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in...
German Floods Will Be Expensive but Unlikely to Burn Through Insurers’ Earnings: Fitch July 20, 2021 The recent severe floods in Germany could add up to 5 percentage points to German non-life insurers’ net combined ratios...