Commercial Lines
Only 38% of 2021’s Natural Disaster Losses of $343B Were Covered by Insurance: Aon
Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to Aon's "2021 Weather, Climate and Catastrophe Insight" report. Insured losses ...
Regional Cyber Conflicts Could Lead to Infrastructure Attacks in 2022: CyberCube
Three regional cyber conflicts could lead to infrastructure attacks and damaging cyber espionage in 2022, a new report from cyber analytics company CyberCube says. Cyber hostilities between Israel ...
Loss Costs Outpaced Premium Increases for U.S. P/C Industry Through Q3 2021
Direct premium production for the U.S. P/C industry through third-quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen ...
Home-Based Businesses Thriving, But Many Lack Insurance: Study
There's been a surge in new home-based businesses during the pandemic, but many aren't covered by insurance, according to a new study by AXIS Insurance, the specialty insurance business segment of ...
Secondary Perils Are Increasing Share of U.S. Catastrophe Losses
Secondary peril events such as wildfires, tornadoes and severe thunderstorms are becoming more impactful and generating an increasingly larger amount of insured losses, affecting the bottom lines of ...
Mother Sues Meta, Snap Over Social Media ‘Addicted’ Daughter’s Suicide
Meta Platforms Inc. and Snap Inc. are to blame for the suicide of an 11-year-old girl who was addicted to Instagram and Snapchat, the girl's mother alleged in a lawsuit. The woman claims her daughter ...
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
Travelers Leaning Into AI, Tech as Earnings Rise
Reviewing the 2021 highlights of both a final quarter and a year that saw Travelers deliver double-digit returns-on-equity, the company's chief executive focused on technology investments aimed at ...