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A Spring El Niño or La Niña Is Increasingly Unlikely

There is about a 65 percent chance that neutral weather conditions will prevail in the Northern Hemisphere this spring with no El Niño or La Niña, up from 60 percent last month, a U.S. government ...

U.S. Commercial Insurance Prices in Q4 Continued Their Accelerated Rise: Willis Towers Watson

U.S. commercial insurance prices continued rising at an accelerated pace in the 2019 fourth quarter, with the aggregate price change exceeding 6 percent, according to a new Willis Towers Watson ...

U.S. P/C Net Underwriting Income Grew by Nearly $5B in 2019: A.M. Best

Net underwriting income for the U.S. property/casualty insurance industry in 2019 grew by $4.9 million from 2018, A.M. Best said in a new report. Underwriting income hit $4.1 billion in 2019, from a ...

UK Storms Lead to Nearly $474M in Insurance Payouts: ABI

Insurers expect to pay more than $473.7 million to UK customers hit by the recent Storms Ciara and Dennis, according to initial estimates from the Association of British Insurers (ABI). Initial ABI ...

Businesses at Major Risk for Mobile Device Cyber Attacks; Few Take Precautions

Although businesses are increasingly at risk for cyber attacks on their mobile devices, many aren't taking steps to protect smartphones and tablets. That's one of the conclusions of a report on ...

D&O Coverage Challenges Are Increasing: A.M. Best

Directors and officers liability insurance has gotten trickier and will confront major new challenges over the next few years. Continued rate hikes and narrower coverage guidelines will be necessary ...

Global Insurers, Reinsurers Face Coronavirus Outbreak Exposures: Moody’s

Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial ...

Dearly Departed InsurTechs: Expect Their Numbers to Rise

For every Lemonade and Root that launches with great fanfare, attracts hundreds of millions of dollars in venture funding and publicizes every facet of its growth, there are many InsurTechs that ...

Fossil-Fuel Production May Generate Much More Methane Than Scientists Thought

Fossil-fuel production may be responsible for much more atmospheric methane than scientists previously thought, according to new research published today in the journal Nature. The results, if they ...

Storm Ciara (AKA Sabine) Could Cause $2B in Insured Losses: RMS

Total insured property losses from storm Ciara, which was named Sabine in Germany, could be between 1.1 billion and 1.8 billion euros ($1.2 billion-$1.95 billion), catastrophe risk modeling firm RMS ...