Markets
Farmers Forced to Rescind Thousands of Nonrenewal Notices in Georgia
About the same time that it announced a major pull-back from the Florida and California markets, Famers Insurance also sent thousands of nonrenewal notices to Georgia homeowners. In Georgia, though, ...
Americans Are Moving Toward Climate Danger in Search of Cheaper Homes
A midsummer quiz: Let's say you read about an area experiencing blistering heat for weeks on end — heat so hot that in the day, you can't go outside, and at nighttime, it's still above 90F. Would ...
Specialty P/C Insurers Outperform Their U.S. Peers: Report
Property/casualty insurers in the U.S. that focused on difficult-to-place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet ...
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 ...
District of Columbia Sues Manufacturers for ‘Forever Chemical’ Contamination
District of Columbia Attorney General Brian L. Schwalb has filed a lawsuit against more than 25 chemical companies for manufacturing, marketing, distributing and selling products containing dangerous ...
Utility Investors Wary of Exposures After Buffett’s PacifiCorp Held Liable for Wildfires
Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and equipment blamed for igniting ...
Workers Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best
Workers compensation insurers' underwriting results continued to outpace the rest of the U.S. property/casualty commercial sector in 2022, as they benefited from the long-term decline in workplace ...
Business Leaders Appear Less Concerned by Cyber Risk: Report
The worldwide impact of cybercrime on business is predicted to balloon to $10.5 trillion by 2025, but boardroom focus on cyber risk appears to be diminishing, according to a Beazley risk and reliance ...