Commercial Lines
Earthquakes, Storms Make H1 Insured Losses Soar: Munich Re
Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a ...
Insurers, Banks, Pension Funds Must Address Climate Change Risks: Report
The world's insurers, banks and pension funds are "inherently susceptible" to threats from climate change and must make adjustments, from shifting investment toward environmentally friendly ...
Actuaries, Underwriters Still at Odds as Predictive Analytics Usage Grows
While recent survey results show less conflict between actuaries and underwriters over insurance pricing this year than last, and underwriters warming up to the use of predictive analytics, issues ...
InsTech Startup Slice Partnering with Munich Re
Slice Labs Inc., the insurtech startup that disclosed $3.9 million of seed funding from XL Innovate and Horizon Ventures in March, announced Monday that Munich Re has signed on as a coverage partner. ...
Insurance Matters for Police Reform: University Researcher
Liability insurance may be a "neglected backdoor route to police reform," according to a researcher from the University of Chicago. John Rappaport, an assistant professor at the University of Chicago ...
Lawsuit Alleges Calif. Workers Comp System Biased Against Women
California's workers compensation system discriminates against women by judging benefits on the basis of stereotypes and ignoring harm done to women—such as refusing permanent benefits when a woman ...
‘Significant’ Workers Comp Underwriting Profit Might Not Repeat: Fitch
The U.S. workers compensation insurance market achieved a "significant" underwriting profit in 2015, but trends call into question whether such a result can be repeated, Fitch Ratings concluded in a ...
Fort McMurray Wildfires Are Canada’s Costliest Disaster Ever: IBC Report
Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C$3.58 billion ($2.76 billion), making it the costliest-ever Canadian natural disaster, an insurance industry ...