Global Economy
European Countries Face Strikes, Protests Due to High Energy Prices, Cost of Living
European countries are facing strikes and protests due to high energy prices and mounting costs of living. Here are details of some recent and current industrial actions and ...
Reshoring to Generate $30B in Commercial P/C Premiums by 2026: Swiss Re
Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: "Maintaining resilience: the ...
$7T in Premiums, Continued Hardening and Inflation’s Silver Lining: Swiss Re
Swiss Re's economists predict "inflationary recessions" hitting major world economies over the next 12-18 months, and while recessions spell less insurance demand and inflation means higher claim ...
California Puts Truckers in Gig-Work Legal Limbo Choking Supply Chains
About 70,000 truck owner-operators who form the bedrock of California's transport industry are in limbo as state-level labor rules start applying to them, creating another choke point in stressed US ...
Global Power Grids Face Biggest Test in Decades; Summer Blackouts Expected
Global power grids are about to face their biggest test in decades, with electricity generation strangled in the world's largest economies. War. Drought. Production shortages. Historically low ...
Global Supply Stress Worsened in April, NY Fed’s Index Shows
Stress on global supply chains worsened in April as coronavirus lockdown measures in China and the war in Ukraine lengthened delivery times and air freight costs between the United States and Asia ...
Inflation A ‘Major and Growing Concern’ for Reinsurers
With buyers' needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly, according to a broker report, which points to inflation ...
Financial Market Volatility of Russia-Ukraine War Likely to Impact European Insurers
According to Fitch Ratings, the Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions. ...