Specialty
It’s Over: Lasting Underwriting Profits in U.S. D&O Market Unlikely, Fitch Says
Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new entrants and potential claims volatility may spell trouble for ...
Droughts, Floods, Other Water-Related Disasters Could Cost Economy $5.6T by 2050
Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released on Monday. ...
Marsh Launches First Dedicated Insurance for Hydrogen Projects
Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world's first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in ...
NAIC Passes Pet Insurance Model Act
The National Association of Insurance Commissioners (NAIC) has passed a Pet Insurance Model Act to establish appropriate regulatory standards for the growing pet insurance industry. "This model law ...
Cyber Insurance Gap Growing: Survey Report
According to a survey report released yesterday, not only are most North American businesses still not buying cyber insurance, but those that are don't buy enough limit to cover last year's median ...
RLI Bullish on Southeast Property Market as Others Exit
RLI Corp. has been hiring teams of property insurance professionals as the specialty insurer embraces opportunity in the southeastern U.S. market that others are fleeing, executives said Thursday ...
Over-The-Road Trucker Beats IT Consultant in Job Growth: Indeed Report
The online job site, Indeed.com, posted a list of the top jobs of 2022 last last week, finding that registered nurse positions ranked first in employer demand, salary (using a baseline annual salary ...
Are MGAs Winning the Insurance Talent War?
With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the MGA model attracts talent. ...