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 ...Research
What’s a Life Worth? U.S. Weighs Value, Costs of Social Distancing
We are becoming a nation of amateur actuaries, calculating the risk of restarting our lives. Can we go outside? Can we go back to work? Can we go to a restaurant or bar? Can we go to the beach? Can ...
WCIRB Lowers Mid-Range Estimate of COVID Workers Comp Costs by $10B
The Workers' Compensation Insurance Rating Bureau of California published estimated costs of allowing state workers to receive benefits for COVID-19 claims without proving virus exposure at work, ...
COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P
Reinsurers globally will lose money in 2020, a reality Standard & Poor's said COVID-19-related losses stand to make worse. What's more, the level of red ink could worsen substantially depending ...
A.M. Best Says Stress Tests Show Most Insurers Can Handle Balance Sheet Pandemic Hit
Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary impact from the COVID-19 pandemic on their financial strength found good ...
State, Local Lockdown Measures Reduced U.S. COVID-19 Cases by 34 Million: Study
Without the lockdown measures taken by state and local governments, the number of U.S. coronavirus cases would have been 35 times higher, says a new study published in Health Affairs. The study ...
Companies Need to Prioritize Employees’ Mental Health: Study
More than one-third (39 percent) of American workers suffer from mental health issues, ranging from moderate mental distress to serious mental illness. And these issues are having a negative impact ...
Commercial Insurance Rates Climb 14 Percent in Q1: Marsh
Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its ...
Commercial Insurers Likely to Endure Major Losses Through Much of 2021: Fitch
While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won't be seen until the ...