Markets
Vendor Cat Models Not Capturing Climate Change Impact: RenRe CEO
During a quarterly earnings call, the leader of RenaissanceRe discussed drivers of company's third straight double-digit operating ROE result, its resilience to inflation and recession risk, and also ...
Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon
Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18 percent higher than the 21st century average of $33 billion, driven by persistent ...
Agents Expect Big Jump in Online Commercial Insurance Shopping: Survey
A majority of independent insurance agents (53 percent) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a ...
FEMA Report: Flood Insurance Hikes Will Drive 1 Million From Market
When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation's flood insurance program will prompt more people to sign up for coverage, even ...
Florida Regulators, FAIA Slam Demotech for Reported Plans to Downgrade 17 Carriers
Florida's top insurance regulators and the Florida Association of Insurance Agents on Thursday blasted the Demotech financial rating firm after the organization reportedly notified 17 insurers that ...
RLI Bullish on Southeast Property Market as Others Exit
RLI Corp. has been hiring teams of property insurance professionals as the specialty insurer embraces opportunity in the southeastern U.S. market that others are fleeing, executives said Thursday ...
Allianz Notes Rising Business Interruption Costs in Global Claims Report
The number of contingent business interruption claims more than tripled in 2021 as a deep freeze in Texas shut down much of the state's power grid and a fire at a semi-conductor plant in Japan ...
Inside Out: How Exit Crime, Insider Threats Create Challenges for Insurers
There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just as scary and perhaps a little more ...