Markets
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM ...
Walmart Shooting Raises Need for Violence Prevention at Work
The mass shooting last Wednesday at a Walmart in Virginia was only the latest example of workplace violence perpetrated by an employee. But while many companies provide active shooter training, ...
Climate Activists’ Attacks on Paintings Add to Insurers’ Worries About Threats to Art
Climate activists' attacks on some of the world's most precious paintings have added to insurers' worries about the threat to art from climate change itself — concerns seen as leading to higher art ...
U.S. Proposes Rules to Advance Flying Taxi Operations
The U.S. Federal Aviation Administration (FAA) has proposed new rules that would help pave the way for commercial air taxi operations by around the middle of the decade. Electric vertical takeoff and ...
Unsyncopated Clocks: ‘Fire and Flood’ Book Highlights Insurers’ Climate-Change Late Show
Scientists have been sounding the climate-change alarm for decades. But despite these dire warnings, a large swath of the public still refuses to believe, and both policymakers and businesses have ...
Backing Up EV Battery Reliability: Munich Re’s aiSure
The European Union is miles ahead of the U.S. in terms of adopting electric vehicles (EVs). By 2026, the number of EVs sold in the EU is expected to exceed 4.4 million vehicles compared to 1.9 ...
AI Insurance Takes a Step Toward Becoming a Market
Back when Munich Re launched the industry's first insurance coverage for artificial intelligence (AI) at the end of 2018, the policy, aiSure, found few takers. In subsequent years, as more companies ...
How Federato Solves Underwriters’ Problems—and Lowers Reinsurance Costs
Lower reinsurance costs aren't the most talked-about benefit of introducing AI and automation tools to the desks of property/casualty insurance underwriters, but with chatter about harder reinsurance ...