Industry News
Study Urges Rethinking of Disaster Management in Era of Compounding Events
A new report warns that compounding natural disasters introduce new, interconnected and complex risk scenarios — and points to a need to reimagine efforts that support disaster preparedness, ...
Travelers Reverses Q2 Income Loss, Narrows Underwriting Loss
The Travelers Companies Inc. reported second-quarter net income of $534 million, compared to a loss of $14 million during the same time a year ago, thanks to record net premiums of about $11.1 ...
Insurers Face Business Interruption Claims After Global Tech Outage
Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said. A software update by ...
KCC: Frequent SCS Activity Emphasizes Need for Latest Modeling Tech
Despite only one landfalling hurricane, 2023 wasn't a good year for property/casualty insurers, and severe convective storms (SCS) are being blamed for the bad results, according to Karen Clark & ...
Tech Bytes: New Partnerships at bolt, Cytora, Equisoft
Stellantis Financial Services US, a captive automotive finance company of Stellantis in North America, announced a new partnership with InsurTech bolt to support customers of Chrysler, Dodge, Jeep , ...
The World’s Power Grids Are Failing as the Planet Warms
Under the blazing Adriatic sun, life almost stopped in Montenegro's capital Podgorica earlier this summer. Cars and buses were stuck in gridlock as traffic lights went out, the internet crashed, and ...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re
Hard market conditions in the global non-life insurance sector will continue this year but will begin to ease in 2025, as general inflation and claims inflation conditions soften, according to Swiss ...
Condo Insurance Premium Hike Hot Button Issue in Some Legislative Races
Jillian Anderson planned to make fighting crime in Waikiki the top issue in her campaign for a seat in the Hawaii House of Representatives. Then came the letter from her condo association announcing ...