Data & Research
Ransomware Attacks Spiked 25 Percent in 2020 First Quarter: Beazley
There was a 25 percent spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley's ...
U.S. Commercial Insurers Can Handle COVID-19 in the Short Term: Fitch Ratings
For U.S. commercial insurers, 2020 was once projected to be an improved, even booming year. Then COVID-19 happened, with the ongoing pandemic increasingly making heavy losses all but certain. Still, ...
In a Close Race, Auto Insurance Customers Prefer Company Websites Over Agents
Remember all the talk that digital transformation would disrupt the auto insurance industry? Well, it's real, according to the consultants at J.D. Power. The firm says its 2020 U.S. Auto Insurance ...
Climate Change Appears Likely to Cause Extreme Waves, Coastal Damage
Climate change is expected to cause stronger storm winds that trigger more extreme waves and increase coastal damage in Australia, the Pacific and South America by the end of the century, new ...
COVID-19 Accelerates D&O Transformation Already Underway
Rates for the struggling Directors and Officers insurance market jumped by 44 percent in the 2020 first quarter. Expect that market hardening trend to continue for some time, with increases likely to ...
Excluding Workers Comp, U.S. Commercial Insurance Saw Rapid Q1 Rate Hikes
U.S. commercial insurance prices climbed more than 6 percent in aggregate during the 2020 first quarter compared to the year, Willis Towers Watson's pricing survey for the sector. Price increases ...
Global Warming Increasing Frequency of 100-Year Rainstorms: Risk Alerts
Global warming is intensifying rainstorms in North America. Rats are becoming more aggressive in their hunt for food due to pandemic lockdown measures. *** If the current rate of global warming ...
Rideshares Out; Remote Work In: COVID Changing Behaviors For Good
U.S. consumers surveyed by IBM in April said they plan to make significant changes in the way they go about their lives and work in the wake of the coronavirus, voting thumbs down on rideshares and ...