Commercial Lines
Global Natural Disasters Cost Insurers $34B in H1 2022: Munich Re
Global natural disasters during the first half of 2022 cost insurers about $34 billion, which covered a little more than half of the overall $65 billion in losses from floods, earthquakes and storms ...
Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon
Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18 percent higher than the 21st century average of $33 billion, driven by persistent ...
Agents Expect Big Jump in Online Commercial Insurance Shopping: Survey
A majority of independent insurance agents (53 percent) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a ...
Allianz Notes Rising Business Interruption Costs in Global Claims Report
The number of contingent business interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state's power grid and a fire at a semi-conductor plant in Japan ...
Inside Out: How Exit Crime, Insider Threats Create Challenges for Insurers
There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just as scary and perhaps a little more ...
Over-The-Road Trucker Beats IT Consultant in Job Growth: Indeed Report
The online job site, Indeed.com, posted a list of the top jobs of 2022 last last week, finding that registered nurse positions ranked first in employer demand, salary (using a baseline annual salary ...
Digital Trucking MGA Koffie Raises $11M, Plans 10-State Expansion
A Brooklyn, N.Y,-based managing general agency for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company's total funding to date to $15.5 ...
$7T in Premiums, Continued Hardening and Inflation’s Silver Lining: Swiss Re
Swiss Re's economists predict "inflationary recessions" hitting major world economies over the next 12-18 months, and while recessions spell less insurance demand and inflation means higher claim ...