Markets
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits
U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as ...
Weather Whiplash: Why Floods and Droughts Are Coming Together
Parts of northern Texas, mired in a drought labeled as extreme and exceptional, are flooding under torrential rain. In a drought. Sound familiar? It should. The Dallas region is just the latest ...
Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase
The Georgia insurance commissioner is publicly shaming one of the country's largest auto insurers after the carrier announced an average 25 percent rate increase in the state. "I am angry and ...
Viewpoint: ‘Take-Home COVID’ Claims May Lead to Future Insurance Disputes
"Take-home COVID" claims are claims brought against an employer by the spouse or child of an employee who caught COVID-19 in the workplace and brought it home, infecting a spouse or child and causing ...
Marsh Launches First Dedicated Insurance for Hydrogen Projects
Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world's first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in ...
Transgender Workers’ Rights Widened in Disability Ruling
Transgender workers will gain broadened legal protections in the wake of a recent federal appeals court decision that gender dysphoria is covered by the Americans with Disabilities Act. Many ...
Record-Breaking Pace for U.S. Product Recalls, Says Sedgwick
The number of U.S. products recalled this year already has surpassed 1 billion, according to the U.S. product recall index recently released by Sedgwick's brand protection division. Only two other ...
Reinsurance Capital to Drop $40B: AM Best
AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected ...