Industry News
Chubb Q2 Net Income Up 24% to $2.2B
Chubb said second-quarter net income was up more than 24 percent to about $2.2 billion despite higher catastrophe losses than a year ago. Catastrophe losses for the second quarter were $580 million, ...
U.S. Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re
U.S. severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024. Of the estimated $61 billion in global H1 insured losses from natural ...
How to Outperform: Don’t Outsource Underwriting; Manage Cycles
Executives of two property/casualty insurance organizations—Kinsale Insurance and the U.S. P/C operations of Arch Capital—shared their recipes for success with an analyst who crowned their ...
Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage
Industry stakeholders continue to try to get a grasp of the implications from last week's massive technology outage affecting motley industries around the world, but the theme of policy language is ...
Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance
A plan by a politically conservative group to dismantle the National Flood Insurance Program, if Donald Trump is elected president, has been met with approval from a private flood insurer but sharp ...
Tesla Blasts Off to Top P/C Insurance Growers Chart
While personal lines insurers reported double-digit rates of direct premiums written growth in 2023, some relative newcomers to the segment—including Tesla Insurance—saw triple-digit leaps ...
Personal Auto Driving P/C Insurers to 2024 Underwriting Profit
S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024, signifying a return to underwriting profitability for the first time ...
CrowdStrike Update Snafu Illustrates How SPoF Can Cause Widespread Disruption
Last week's global IT system outage, triggered by a faulty software update from CrowdStrike, caused widespread disruptions across various Windows operating system (OS) types. The faulty CrowdStrike ...