Markets
Loma Prieta EQ Would Cost Insurers $4B Today
The Loma Prieta Earthquake cost insurers less than a billion dollars when it shook Central California on Oct. 17, 1989. Thirty years later, a recurrence would generate $4 billion in insured losses, ...
Auto Insurance Customer Loyalty Is Declining
Last year more than $6 billion in advertising was pumped into the marketplace to encourage consumers to shop and switch their auto insurance providers. Everywhere consumers look, they are being hit ...
Actuaries Estimate Four Years of Opioid Crisis Cost Economy $631 Billion
The opioid epidemic cost the U.S. economy at least $631 billion from 2015 to 2018, according to a Society of Actuaries' (SOA) analysis of non-medical opioid use during this timeframe. The SOA report, ...
Misuse of Alphabet’s Virus Scanner Exposes Sensitive Files
Companies are misusing Alphabet Inc.'s virus scanner and similar products, unwittingly leaking data such as factory blueprints to intellectual property online, Israeli cybersecurity company Otorio ...
Reinsurers Maintain Upward Pricing Momentum—But Will It Last?
Positive pricing momentum—it's the favorite phrase of many reinsurers, who are hoping that the momentum they've seen in 2019 will continue during the coming January renewals and beyond. The ...
Climate Change Could Hurt U.S. Home Values in Poorer Communities
Poorer U.S. communities are likely to face especially devastating effects from climate change, including falling property values, as they struggle to adjust to floods and rising insurance costs. ...
Chubb Chief Digital Officer Ringsted Sounds Off on Innovation, ITC and the Future
Sean Ringsted was one of the 7,000 or so people who attended the 2019 InsureTech Connect Conference, held Sept. 23 to 25 in Las Vegas. Ringsted is executive vice president, chief digital officer and ...
S&P Takes Closer Look at Argo Following SEC Subpoena Over Executive Compensation
The SEC's decision to subpoena Argo Group. International Holdings about its executive compensation practices is drawing the attention of Standard & Poor's. S&P said it has revised the outlook ...