Markets
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P
More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by ...
Hurricane Idalia Strikes Florida With Powerful Cat 3 Winds
Hurricane Idalia came ashore on Florida's west coast with destructive Category 3 winds, triggering blackouts and unleashing flooding rains and dangerous storm surge. Idalia's maximum sustained winds ...
Understanding the Impact of Recessions on Workers Compensation
Workers and employers in the U.S. have endured 17 recessions during NCCI's 100 years of operation.
Recessions produce far-reaching ...
Reinsurers Continue to Lead in Post-Pandemic Innovation
Innovation in the insurance industry, accelerated by COVID-19, has continued largely due to consumer appetite and market competition, according to a newly released report by AM Best. Predictive ...
Grid-by-Grid: How One Tech Firm Dissects California Wildfire Risk to Sell Insurance and Reinsurance
There is general consensus among insurance and reinsurance underwriters about the safest property risks to accept in the California market, according to the co-founder of ...
Evacuation Policies and Cat Strips: Wildfire Insurance and Reinsurance Ideas That Failed
Sometimes, it takes a few tries to develop the right insurance or reinsurance product—one that will align well with the needs and wants of customers.
While I was doing research for this edition, I came across these paragraphs, written by one of the leaders of a technology company, recalling a previous role he had ... The National Association of Insurance Commissioners said at its Summer National Meeting that it plans to collect data from insurers in order to help insurance ...
The Long Tail: Aftermath of Disaster
Top 15 Non-Life Reinsurers: AM Best’s Latest Ranking
Munich Re still holds the top spot on AM Best's annual ranking of global reinsurance groups but Hannover Re took the No. 2 position in a ranking based solely on non-life reinsurance premium volume. ...
NAIC to Collect Insurer Data to Understand Property Market Gaps