Markets
The Hidden Impact of COVID-19 on Auto Rate Adequacy
The market for auto insurance is experiencing significant change. In addition to adapting to a virtual operational environment and other uncertainties that emerged from the COVID-19 pandemic, auto ...
‘Cautious Optimism’ for Cyber Buyers as More Focus on Risk Controls: Marsh
While the market for cyber insurance is expected to remain challenging "for the foreseeable future," there is optimism for rate stabilization as organization focus on cyber hygiene, according to ...
U.S. Auto Crash Death Rate Highest in Study of Rich Countries
U.S. death rates from motor vehicle crashes are the highest among 29 upper-income countries, according to a government study that adds to the country's poor public-health record among developed ...
Rate Increases Steady in Q2: MarketScout
MarketScout said commercial property/casualty rates in the U.S. during the second quarter of 2022 were about the same as the first quarter, with composite average rate increases across all lines of ...
Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected
Europe's landmark test of banks' resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter. Even the toughest hypothetical scenarios in ...
Robots May Reduce Physical Injuries But Raise Substance Abuse, Mental Health Issues
Automation enhances industry, but it's harmful to the mental health of its human co-workers. A University of Pittsburgh study suggests that while American workers who work alongside industrial robots ...
Doctors’ Group Accuse Insurers of Using ‘Junk Science’ to Deny COVID Business Claims
The medical profession in New Hampshire is accusing the insurance industry of using "junk science" in justifying its denials of COVID-related business insurance claims. In an amicus brief in a case ...
U.S. Farmers Battle Floods, Heat in Bid to Replenish Food Supplies
Global grain markets are at a pivot point, with prices finally starting to ease after a dizzying surge earlier this year. Where things go from here could end up being determined by farmers like ...