Markets
Aon: Top Trends for Growth Offer $200B Opportunity for Insurance Industry
Technology is the biggest driver of current and future trends offering risk and opportunity for the insurance industry, according to a newly released report. Prescriptive analytics, shared mobility ...
Report: Drop in Auto Premiums, Rise in Motorists Deaths Linked to Reduced Traffic Enforcement
Several new driving trends have been recorded since the onset of the pandemic, according to a new report released by TransUnion. While traffic violations have declined nationally by 13 percent, the ...
Viewpoint: Why Activists Should Rethink Hard Insurance Exits From Fossil Fuel Underwriting
Insurers play an important role in helping protect families, businesses and communities as our economy transitions to a greener energy future. However, those protections are coming under increased ...
Fitch: U.S. Insurance Market Forecast to Withstand Losses From Large Hurricane This Year
With ample capital, Fitch Ratings' latest annual 'U.S. Hurricane Season' report indicates U.S. property and casualty (P/C) insurers and reinsurers can absorb losses if a large hurricane makes ...
Reinsurance Execs Take on Extreme Challenge
Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii as part of the "World's Toughest Row – Pacific." It's all for charity—and, of course, for ...
Farmers Halts Homeowners Policies in Florida
Farmers Insurance confirmed it has halted sales of new homeowners policies in Florida just as the new hurricane season is getting underway. The insurer cited rising costs as the reason. "With ...
How Lawyers Sank Florida Carriers — and Target ‘Travellers’ With SEO
A troubling phone exchange reveals a problem for insurance carriers that started in Florida and is expanding beyond the state's borders, according to an actuary who recalled the dialogue at a recent ...
AM Best: U.S. Cyber Insurance Segment Reflects Hard Market, Profits
Last year marked robust growth in the U.S. cyber insurance market, with direct premiums increasing by 50 percent to $7.2 billion, brought on by better underwriting and improved loss ratios, according ...