Markets
Climate Change Litigation: Why Better Disclosure Is Vital as Cases Rise
Climate change is one of the greatest challenges we currently face. As the situation escalates, nations and corporations are increasingly being held accountable for their actions (or lack thereof) to ...
Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh
Global commercial insurance prices increased 13 percent in the fourth quarter of 2021, a decline from the 15 percent increases seen in both the second and third quarters, according to Marsh's latest ...
Six Personal Lines Trends to Help Agents Build Stronger Customer Relationships in 2022
The new year is often a time for reflection and resolution, creating an opportunity for independent agents to connect with customers on trends that could impact their risk levels. This proactive ...
Risk Alerts: E-Bike Batteries, Underground Coal Fires, Tesla Hack
In early January, an e-bike's battery burst into flames while charging in a Bronx restaurant, starting a four-alarm fire that drew more than 150 first responders and left one firefighter seriously ...
The Bottom Line: The Early Read on 2021 P/C Earnings
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...
RenRe: Absorbing Over $1B in Weather Cats
Early last year, the leader of RenaissanceRe predicted that his company would put $1 billion more net written premium on the books in 2021 than it did in 2020. RenRe's President and CEO Kevin ...
AXIS Capital 2021: A Year of Repositioning
The word of the hour was "repositioning" during the earnings conference call for AXIS Capital last week, with the company reporting its bottom line in the black in 2021, following a net loss in 2020. ...
RLI: 26 Straight Years of Underwriting Profit
RLI's 2021 fourth-quarter represented Chairman Jon Michael's last quarter at the helm of the specialty insurer as chief executive officer. Craig Kliethermes, who took the reins as president and CEO ...