Markets
U.S. Commercial Insurance Prices Increased 6% in Q2: WTW
U.S. commercial insurance prices increased by nearly 6 percent during second-quarter 2022, according to WTW's most recent Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices ...
Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEO
Higher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the balance of ...
Gallagher Re Launches Academic Research Center
Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re's Global Analytics & Advisory center of excellence and led by ...
MS Amlin AG to Rebrand as ‘MS Reinsurance’
MS Amlin AG announced it would rebrand this month to MS Reinsurance, which reflects parent company MS&AD's commitment to building a leading, globally diversified reinsurer. The company said that ...
Autonomous Cars May Always Need Remote Human Supervisors, Experts Say
Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be ...
Reshoring to Generate $30B in Commercial P/C Premiums by 2026: Swiss Re
Swiss Re predicts that deglobalization will generate $33 billion in new commercial property/casualty insurance premiums by 2026, according to its latest sigma report: "Maintaining resilience: the ...
Carriers Know What’s Coming: Higher Reinsurance Prices in 2023
Primary insurers surveyed by a Moody's Investors Service expect to pay more for both property and casualty reinsurance in 2023, but those willing to pay up for higher amounts of cover will likely ...
First Aerial Delivery Drone Granted Design Approval by FAA
Aviation regulators approved designs for the first flying drone built specifically for shipping packages, a major step forward for the fledgling remote delivery industry. Matternet Inc.'s Model M2, a ...