Markets
U.S. Personal Lines Outlook Continues to Be Negative: AM Best
The U.S. personal lines insurance industry faces too many daunting challenges, leading AM Best to maintain its negative outlook. The outlook for personal lines was changed to negative in September ...
As Homeowners Face Mounting Disasters, Reality TV Wants to Help
Television networks are tapping into a mounting challenge affecting many U.S. homeowners: rebuilding after disasters.
Rachael Ray — the ...
Worker Mental Health Linked to Lower Recovery From Back Pain
Workers' mental health comorbidities such as anxiety and depression are correlated with lower levels of functional recovery from back pain than physical health comorbidities, according to new ...
Consumer Reports: On Average, Electric Vehicles Less Reliable Than Gas Vehicles
Electric vehicles have proved far less reliable, on average, than gasoline-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 ...
AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets
For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued a $75 million so-called cat bond, sponsored by AXIS Capital, to insure ...
Genpact Working With AWS, Amazon Business to Reduce Insurance Claims Life Cycle
Amazon Web Services (AWS) and Amazon Business are tapping global professional services firm Genpact for its generative AI to enhance claims management. Leveraging its claims management expertise as ...
Q3 2023 Signals Six Years of Premium Increases for Commercial Lines: CIAB
Overall commercial property/casualty premiums increased slightly more than 8 percent on average in the third quarter, marking six full years of steady increases. According to The Council of Insurance ...
Edmunds: GM Super Cruise Leads in Hands-Free Driving Systems
While fully automated vehicles are still a ways off, the stepping stone of hands-free driving technology has become prevalent in the past few years. These assist systems allow drivers to take their ...
Reinsurance Market Outlook ‘Stable’ on Improved Rates, Higher Demand: AM Best
Substantial rate improvements, higher attachment points and rising investment income are combining with increased demand for reinsurance cover to create a stable outlook ...