Markets
200-Year Global Cyber Loss Event Estimated Up to $33.4B: Guy Carpenter
A new report released by Guy Carpenter examines the cyber reinsurance market by modeling potential global loss events. A 1-in-200-year event has the potential to produce damages between $15.6 and ...
Digital Personal Lines Claims Portals at High Risk of Identity Fraud
Identity-related fraud is putting personal lines insurers to the test. Nearly all offering digital claims portals reported, in a newly released survey, that identity fraud has a negative impact on ...
Cyber Insurance: A Growth Market for Insurers With Some Caveats
As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today's DBRS Morningstar's commentary ...
Atlantic Hurricane Season Odds Dependent on El Nino Versus Hot Ocean Temps
Two clashing climatic behemoths, one natural and one with human fingerprints, will square off this summer to determine how quiet or chaotic the Atlantic hurricane season will be. An El Nino is ...
We’re Done: State Farm Decides to Stop Taking New Calif. Homeowners Biz
The nation's biggest insurer, State Farm, announced late last week that its homeowners provider to the nation's most populous state will no longer accept new applications there. State Farm General ...
Louisiana Blueprint: How to Repair Florida’s Home Insurance Market
Florida's home insurance market has been in crisis for years, and recent tort reform aims to reduce claims costs by putting an end to frivolous lawsuits, a welcome development in a state where ...
Florida Reinsurance ‘More Orderly’ as Defense Costs Begin to Ease, Analysts Say
With the June 1 reinsurance renewals a week away, the outlook for Florida-based property insurers may not be quite as dire as many had predicted earlier this year, at least according to a top ...
NOAA: Average Hurricane Season Predicted for the Atlantic
During a press conference today, the National Oceanic and Atmospheric Administration (NOAA) announced its forecast for the 2023 Atlantic Hurricane season. The 20th anniversary of Hurricane Isabel, a ...