Markets
How Electric Vehicle Weights, Stopping Distances Impact Auto Claims
Consumers in the U.S. are rapidly adapting to electric vehicles, a shift away from the internal combustion engine that may change auto insurance claim characteristics. CCC Intelligent Solutions said ...
$7T in Premiums, Continued Hardening and Inflation’s Silver Lining: Swiss Re
Swiss Re's economists predict "inflationary recessions" hitting major world economies over the next 12-18 months, and while recessions spell less insurance demand and inflation means higher claim ...
Florida’s UPC Insurance Exploring Sale or Merger
United Insurance Holdings Corp., parent company of one of Florida's largest property insurers—and one that has seen heavy losses in the last two years—announced that its board of directors is now ...
Inflation May Halt Lloyd’s Positive Performance Trends
In a report published Monday, global reinsurance broker Gallagher Re concluded that while attritional loss ratios and overall combined ratios came down across the Lloyd's market in 2021, inflation ...
California Puts Truckers in Gig-Work Legal Limbo Choking Supply Chains
About 70,000 truck owner-operators who form the bedrock of California's transport industry are in limbo as state-level labor rules start applying to them, creating another choke point in stressed US ...
Travelers Seeks to Rescind Cyber Policy; Insured Lied About MFA Use
In what may be one of the first court filings of its kind, insurer Travelers is asking a district court for a ruling to rescind a policy because the insured allegedly misrepresented its use of ...
Latest Target in Florida Claims: Cast Iron Drainpipes
A decade ago, it was questionable sinkhole damages that proliferated in Florida property insurance claims. More recently, "free roof" solicitations, roof claims and thousands of lawsuits have rattled ...
Beazley: Data Exfiltration Remains Prevalent as Attack Methods Evolve
Data exfiltration, or the theft or unauthorized transfer of data from any device, is a common form of cyber crime, and specialist insurer Beazley found in a recent report that the criminals are ...