Underwriting
Strong Competition, Claims Inflation Confront UK P/C Insurers: A.M. Best
Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had ...
Planned Opening of China’s Insurance Sector to U.S. Firms Causes Confusion
A trade pact opening up China's insurance sector to U.S. firms has caused confusion among lawyers in the Asian nation. China pledged to remove the foreign-equity cap for the life, pension and ...
Cyber Ranks as Top Peril for Companies Globally for 1st Time: Allianz Survey
Cyber incidents rank for the first time as the most important business risk globally, pushing the perennial top peril, business interruption (BI), into second place, according to the Allianz Risk ...
Storms, Political Unrest Drove Chubb’s $430M in Q4 Pre-Tax Cat Losses
Chubb said that severe weather events in Texas, California and Japan helped produce an estimated $430 million in pre-tax catastrophe losses for the 2019 fourth quarter. That number breaks down to ...
FEMA Pursues California Utility Giant for $4B Owed in Past Wildfires
A regional director for the Federal Emergency Management Agency on Monday said FEMA is going after California utility giant Pacific Gas & Electric for $3.9 billion owed the government due to ...
Global Warming Worries Already Changing Human Behavior
From Australia's devastating wildfires to T-shirt weather in Norway at the height of winter, the latest weather events are showing the global impact of climate change. The majority of people in a new ...
Hiscox and CyberCube Form a Partnership Deal
Hiscox plans to use technology developed by cyber risk analytics company CyberCube to generate better insight into potential systemic cyber risk. The partnership deal gives Hiscox access to ...
AI Adoption High But Staffing an Obstacle for Carriers
Sixty-two percent of carrier professionals recently surveyed said their companies have already adopted artificial intelligence and machine learning initiatives, but a high percentage of those ...