Moody’s: Rising Flood Risks Posing Greater Challenges for Eastern and Southern U.S.
Flood risk is rising across the Eastern and Southern states from extreme rainfall, hurricanes and sea-level rise, according to a new report by Moody's Ratings.
Four P/C Insurers Are ‘AI Titans’; AI Impact Leaders Revealed: Research
A research firm has identified 100 insurance industry participants that are making a difference with artificial intelligence, including four insurance carriers with property/casualty insurance ...
Eyeing Specialty Focus, AXIS Transfers $2.3B of Re Reserves to Enstar
AXIS Capital Holdings Limited and Enstar Group Limited announced that they have entered into a loss portfolio transfer reinsurance agreement under which AXIS will retrocede $2.3 billion of ...
Trump Tariffs Could Intensify U.S. Trucking Industry Slump, Experts Say
President-elect Donald Trump's threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen ...
AIG Leads Launch of Reinsurance Syndicate at Lloyd’s
American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd's. Commencing underwriting from Jan. 1, 2025, Syndicate 2478 will be a multi-year participant on ...
Soft Market Ahead? The Role of Digital Transformation for E&S Insurers
The insurance market is shifting quickly, with new risks, technology and challenges to manage. For E&S carriers, this has created unique opportunities as hard market conditions persist. Limited ...
What’s Not Changing in 2025: Homeowners Outlook, Re Retentions
When analysts at AM Best reviewed outlooks for the property/casualty insurance and reinsurance sectors this week, recent good news of a change in outlook for personal lines—and for the personal ...
U.S. Commercial Lines Prices Up About 6% Again: WTW CLIPS
Broker WTW said commercial lines insurance rates increased overall by an average of 6.1 percent during the third quarter 2024. Quarterly price increases have been around 6 percent since the end of ...
Don’t Touch Fla. Reforms, Panelists Implore
Regulators, insurance companies and attorneys at the Florida Chamber of Commerce Annual Insurance Summit this week sent a clear message to lawmakers about tinkering with Florida's property insurance ...