Commercial Lines
Full-Year Commercial Lines Combined Ratio May Be Lowest in 15 Years: Moody’s
With commercial lines insurers expected to report the lowest full-year aggregate combined ratio in 15 years, together with double-digit direct premium growth, Moody's Investors Service announced a ...
U.S. Commercial Insurance Prices Increased 6% in Q2: WTW
U.S. commercial insurance prices increased by nearly 6 percent during second-quarter 2022, according to WTW's most recent Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices ...
Reshoring to Generate $30B in Commercial P/C Premiums by 2026: Swiss Re
Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: "Maintaining resilience: the ...
First Aerial Delivery Drone Granted Design Approval by FAA
Aviation regulators approved designs for the first flying drone built specifically for shipping packages, a major step forward for the fledgling remote delivery industry. Matternet Inc.'s Model M2, a ...
Juul Reaches $439 Million Settlement Over Marketing to Children
Juul Labs Inc. reached an agreement in principle to pay $438.5 million to 33 states to resolve a two-year bipartisan probe into the e-cigarette manufacturer's marketing and sales practices, ...
Cyber MGA Coalition Launches in UK Insurance Market
Coalition, the San Francisco-based cyber managing general agent, began trading in the UK, effective Sept. 1, and has opened a London office. Backed by a multi-year capacity agreement with Allianz ...
Climate Change Is Overwhelming U.S. Flood Maps, FEMA Head Says
Flood maps used by the Federal Emergency Management Agency are out of date and understate the risks to homes and businesses from flooding and extreme rain triggered by climate change, said FEMA ...
Fire a Growing Risk to Shipping Because of Lithium-Ion Batteries, Allianz Says
Fire has always been a peril for shipping, but the advent of lithium-ion batteries has elevated the risk to the point that it now is the most expensive cause of loss for the industry, according to a ...