Markets
Midyear Prop-Cat Re Capacity Down For First Time in Decades: Aon
For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released ...
U.S. Power Companies Face Supply-Chain Crisis This Summer
U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events ...
‘It’s Not Been Fun’: Cyber Insurance Brokers Seek Consistency as Hard Market Settles
Alexandra Bretschneider said it feels like she has been a part-time grim reaper the last two years. The cyber practice leader at broker Johnson, Kendall & Johnson said, "I am just constantly ...
P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P
For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence. "We expect that ...
The OIL Group Changes Name as Part of Major Rebrand
Bermuda-based energy insurer OIL Group of Companies has announced a major rebrand and will now be known as Everen Group. The group's operating units have also been renamed: Oil Insurance Limited ...
Cyber Pirates Prowling Ship Controls Threaten Another Big Shock
In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the U.S. Coast Guard. Though the malware attack never controlled the vessel's ...
U.S. Vehicle Quality Hits 36-Year Low as Supply, Labor Woes Continue: J.D. Power
The quality of vehicles sold in the United States fell to a 36-year low in 2022, according to automotive consultant J.D. Power, as labor shortages and supply snags continued to impact automakers. ...
U.S. Mass Shooting Insurance Rates Jump as Incidents Rise
The cost of buying insurance protection against mass shootings has spiked more than 10 percent in the United States this year following a string of deadly events, insurers said. The United States ...