Climate Change Could Cut Global GDP by 18% by 2050 – If Nothing Is Done: Swiss Re April 22, 2021 If nothing is done to combat climate change, global temperatures could rise by 3.2°C within the next 30 years, shrinking...
Mental Health Drug Prescriptions on the Rise April 22, 2021 The number of Americans taking mental health prescription medication is up 6.4% in the last year, which means that 65...
Reinsurers Remain Resilient Despite P/C Underwriting Losses in 2020 April 22, 2021 By L.S. Howard Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well compromised investment returns, a...
Insurance Agency Staffs Remain Positive Even Though Pay Is Down April 22, 2021 By Andrea Wells Insurance agency personnel on average made a little less money in 2020 but they were more satisfied with their compensation...
Goldman Survey: Insurers Favoring Private Equity Over Hedge Funds April 22, 2021 By Carolyn Cohn Insurers want to put more money into private equity this year while scaling back on hedge funds, a survey by...
Businesses Turned to Risk Management Technology More During Pandemic April 21, 2021 Driven by the COVID-19 pandemic, businesses and public entities increased their reliance on risk management technologies, as vendors expanded their...
UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey April 20, 2021 The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their...
With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch April 20, 2021 Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face...
P/C Insurers Need to Hike Key Commercial Rates Even More: A.M. Best April 19, 2021 The environment for many of the U.S. property/casualty (P/C) insurers lines remains competitive despite the need for rate increases for...