Markets
50-50 Split: Reinsurers Feel Strongly Both Ways About Catastrophe Risk
The natural catastrophe business of global reinsurers has been reshaped by five years of higher-than-expected losses, which is leading reinsurers to adopt divergent strategies—either diving in to ...
Calif. Emission-Free Mandate Presents New Risks for Auto Insurers
A state mandate in California that will require all cars sold after 2035 to be emission free presents a formidable challenge for auto insurers to properly price and fully understand the risks ...
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050
Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday. ...
ILS Investors Could Help Fill Cyber Re/Insurance Protection Gap if Hurdles Are Overcome
The cyber re/insurance protection gap provides an opportunity for insurance-linked securities (ILS) investors, which historically have filled the gaps where traditional capital has either retrenched ...
Pandemic Challenges Driving Auto Insurers Further Into a Hard Market
A microchip shortage. Logistics industry backlogs. Supply and labor challenges. Worsening driver behavior. Social inflation. These are just a few challenges the auto industry is currently grappling ...
Moderna Sues Pfizer/BioNTech for Patent Infringement Over COVID Vaccine
Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first COVID-19 vaccine approved in the United States, alleging they copied technology that ...
With a Few Exceptions, Personal Insurance Shopping Subdued in Q2 2022
Auto insurance shopping was down 3 percent overall in second-quarter 2022 compared to the same period in 2021. That trend was primarily driven by a significant decrease by higher-risk consumers, ...
Amazon Keeps Growing, and So Does Its Cache of Data on You
From what you buy online, to how you remember tasks, to when you monitor your doorstep, Amazon is seemingly everywhere. And it appears the company doesn't want to halt its reach anytime soon. In ...