Global Economy
Progressive’s Margins Leave Room for Tariff Impacts; Others Ready Too
With its 2024 combined ratio falling comfortably more than 7 points below a targeted level of 96, Progressive has room to deal with the impacts of tariffs on car repair and replacement costs, the ...
Full Stop of Canadian Freight Railroads Could Lead to Economic Disruption in the U.S.
Both of Canada's major freight railroads have come to a full stop because of a contract dispute with their workers, an impasse that could bring significant economic harm to businesses and consumers ...
Investing in Climate Resilience Really Pays Off: Study
Weather-related catastrophes are increasing in frequency and intensity, and billion-dollar disasters are becoming the norm. The U.S. averages about 10 disasters costing ...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Although insurers can help to stop the growth of social inflation, they can't lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief ...
Security Budgets Expected to Increase as Businesses Deal With Theft, Fraud
Almost half of security chiefs at the world's biggest companies expect to increase their budgets significantly in the next year as they see economic and social unrest driving more cases of theft, ...
Aon: Global Disasters Push Economic Losses to a 21st Century High at $194B
A new report estimates $194 billion in economic losses due to global disasters for the first half of 2023. According to Aon's H1 2023 Global Catastrophe Recap, this is well above the 21st century ...
Marsh: Global Commercial Insurance Pricing Up 4% in Q4 2022
Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in the third quarter and a 9% increase in the second quarter, according to the Global Insurance ...
Gallagher Re: InsurTech Funding Falls to Lowest Quarterly Level Since 2020
At $1.01 billion, global InsurTech investment fell in the fourth quarter of 2022 to its lowest quarterly level since the first quarter of 2020 and declined 57.0% from the third quarter of 2022, ...