Markets
Year-To-Date Natural Disaster Costs Below Average; Frequency Up: Report
Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re's latest Nat Cat report. The ...
CEO View: How to Bolster Commercial Underwriting With AI Assistants
Having entered the business and technological mainstream two years ago, Generative AI is now helping to boost operations and cost efficiency across the insurance landscape. Among GenAI's cutting-edge ...
Progressive Retaining Helene, Milton Property Losses Net; Auto Over $0.7B
Progressive disclosed property and vehicle insurance loss estimates for Hurricanes Helene and Milton in conjunction with the carrier's report of third-quarter earnings yesterday, indicating it won't ...
Why Homeowners Insurers Are Losing Money: Roofs Matter, Not Just Rates
Rate hikes haven't been enough to bring profits to U.S. homeowners insurers, according to a new analysis from Aon, which finds that returns-on-equity for a group of homeowners insurers studied are ...
Louisiana Least Affordable for Personal Auto Insurance: Study
Resulting from a combination of economic conditions, claims behavior and the state's litigation environment, Louisiana is the least affordable state in the nation for personal auto insurance, ...
Tornadoes Caused Damage Far From Hurricane Milton Landfall
Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn't worried about Hurricane Milton. The storm's center was forecast to make landfall ...
KCC Expects Private Insured Losses of $36B From Hurricane Milton
Florida's Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate includes losses from wind, storms surge, and inland ...
Underwriting Games: To Manage the Cycle Effectively, Focus on Behavior
Prices are under pressure in many insurance markets. After an extended period where pricing levels have risen and held at profitable levels, the balance of power appears to be shifting to buyers. In ...