Industry News
Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report
Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to ...
Helene Damage Numbers Climb: AccuWeather Revises Total Damage Cost to $225B+
For the second time since Hurricane Helene made landfall, AccuWeather has increased its estimate of the total damage and economic loss from the storm. Now, the weather forecasting firm has put a ...
Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk
While the Lloyd's market reported its best first-half profit in 17 years, it isn't resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified. ...
Reinsurers Open for Business—Even U.S. Casualty, Execs Say
Although Monte Carlo convos about reinsurer appetites for U.S. casualty business prompted some flashbacks to the 1980s, reinsurance company executives who spoke after the Rendez-Vous de Septembre ...
Broker Exec Decodes Property Reinsurer Speak: ‘We Want to Grow’
When the president of Aon attended the Rendez-Vous de Septembre, he came away with a forecast hidden behind the words reinsurers were explicitly delivering. "Each of the reinsurers led every meeting ...
Rural Mutual, Badger Mutual Agree to Affiliate
Wisconsin-based mutual insurers, Rural Mutual Insurance Company and Badger Mutual Insurance Company, have announced an affiliation. The affiliation is subject to regulatory approval with an ...
Thieves Hunting for Copper Are Vandalizing American EV Chargers
Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc. will make his way to the company's laboratory in San Jose, ...
WCRI Study Shows Impact of Attorney Representation on Workers Comp
Attorney involvement in workers compensation claims substantially increases total indemnity benefits paid to workers, a new study of nearly 1 million claims shows. A study from the Workers ...
KCC Estimates Hurricane Helene Insured Losses at $6.4B
Karen Clark & Co. estimates that the privately insured loss from Hurricane Helene will be close to $6.4 billion from wind, storm surge and inland flooding across nine ...