Data & Research
Small Businesses Aren’t Feeling the Love From Their Carriers: J.D. Power
Small businesses aren't feeling love right now from their property/casualty insurers. Instead, it's neglect. Customer satisfaction for small businesses dropped 15 points in the past two years – 7 ...
U.S. P/C Net Underwriting Income Grew Nearly 30% in H1 2021: AM Best
The U.S. property/casualty industry grew its net underwriting income by 28 percent in the first six months of 2021 compared with the same prior-year period. According to a new AM Best report, a 5.4 ...
Near-Normal Tropical Storm Activity Predicted Through Sept. 1
Researchers from Colorado State University see near-normal tropical storm activity in the Atlantic Ocean, Caribbean and Gulf of Mexico through Sept. 1, according to a forecast update issued on ...
Cyber Attack Claims Soar in 2020 for Smaller Organizations: Coalition
The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition. An ...
Florida, Louisiana Stand Out as Super-High ‘Covicane’: PCS
A major hurricane that makes landfall in the southeastern United States will may also serve as a COVID-19 super-spreader that will slow recovery and increase costs, catastrophe modeler Property ...
Natural Catastrophe Losses Reached $40B in H1 2021, Hovering Near Record: Swiss Re
Estimated insured losses from natural catastrophes reached $40 billion during the first half of 2021 — driven by a deep winter freeze, hailstorms and wildfires — while man-made disasters ...
Record Disaster Claims Slam German, Chinese Insurers as Extreme Weather Intensifies
Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, ...
While Funding Levels Rise, So Do InsurTech Death Rates
While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their ...