Personal Lines
World Economic Forum Warns Long-Term Risks Are Environmental
The World Economic Forum is sounding alarm bells on climate change, with environmental risks occupying the group's top five long-term concerns for the first time on record. Extreme weather events, ...
Strong Competition, Claims Inflation Confront UK P/C Insurers: A.M. Best
Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best. Companies have had ...
A Breakdown of How the U.S.-China Trade Agreement Addresses Insurance
President Donald Trump and Chinese Vice Premier Liu He signed an economic and trade agreement that promises to increase the agricultural and other goods and services China will buy from the U.S. by ...
Planned Opening of China’s Insurance Sector to U.S. Firms Causes Confusion
A trade pact opening up China's insurance sector to U.S. firms has caused confusion among lawyers in the Asian nation. China pledged to remove the foreign-equity cap for the life, pension and ...
Property/Casualty Insurance Outlooks: What Experts Say to Expect in 2020
What does the year have in store for property/casualty insurers? There have been a lot of predictions published since late last year, with most forecasters commenting on insurance market conditions, ...
Storms, Political Unrest Drove Chubb’s $430M in Q4 Pre-Tax Cat Losses
Chubb said that severe weather events in Texas, California and Japan helped produce an estimated $430 million in pre-tax catastrophe losses for the 2019 fourth quarter. That number breaks down to ...
FEMA Pursues California Utility Giant for $4B Owed in Past Wildfires
A regional director for the Federal Emergency Management Agency on Monday said FEMA is going after California utility giant Pacific Gas & Electric for $3.9 billion owed the government due to ...
Global Warming Worries Already Changing Human Behavior
From Australia's devastating wildfires to T-shirt weather in Norway at the height of winter, the latest weather events are showing the global impact of climate change. The majority of people in a new ...