Markets
1,000-Year Texas Flood Damage Estimated at $1.1B; Little Insured: Cotality
Cotality, a property data and analytics company, estimates that Central Texas flash floods over the July 4 weekend, which claimed the lives of more than 120 people, also caused $1.1 billion in damage ...
‘We’ll Have to See How This Plays Out,’ Says CEO Berkley on MGA Competitors
The leader of W.R. Berkley Corp. has seen it before—some version of the MGA movie in which delegated underwriting authority is given to market participants whose ambitions aren't always aligned ...
Drone Crashes, Security Threats Have States Demanding Power to Take Them Down
While authorities were desperately trying to save people from the deadly Fourth of July floods in Kerr County, Texas, a private drone collided with a search and rescue helicopter and forced it to ...
Why Progressive’s Customer Scores Lag State Farm, GEICO: J.D. Power
When it comes to personal auto insurance, Progressive has been outpacing GEICO and State Farm in terms of growth and posting better loss ratios for years. But customer satisfaction scores are another ...
Munich Re, CyberCube Report Warns of Growing Systemic Cyber Risk
Risks associated with systemic cyber events are no longer hypothetical scenarios but growing realities for organizations, insurers and cybersecurity professionals alike, according to findings from a ...
New Workers Comp Benchmarking Tool Will Lead to Refined Risk Analysis, Safer Workplaces
Member insurers in Pennsylvania have a new way to explore workers compensation data and benchmark their performance—without the burden of static reports or time-consuming manual comparisons. This ...
Aon Promotes Reinsurance Leaders as John Neal Takes a New Direction With AIG
Insurance broker Aon announced the promotions of Alfonso Valera as CEO of International for Reinsurance, responsible for UK, EMEA and APAC, and Steve Hofmann as CEO of Americas for Reinsurance, ...
Report Shows Excessive Heat Pushes Worker Injury Risk Sky High
It may come as no surprise that heat-related worker injury claims rise on hot days, but the magnitude of the increase is an eye-opener. As temperatures skyrocketed during early summer heat waves ...