Specialty P/C Insurers Outperform Their U.S. Peers: Report
Property/casualty insurers in the U.S. that focused on difficult-to-place risks distanced themselves from their peers in key metrics measuring earnings, underwriting ...
Industry News
Aon: Global Disasters Push Economic Losses to a 21st Century High at $194B
A new report estimates $194 billion in economic losses due to global disasters for the first half of 2023. According to Aon's H1 2023 Global Catastrophe Recap, this is well above the 21st century ...
Historic Catastrophe Losses Blamed for Slump in Travelers’ Profit
This week, Travelers Companies Inc. reported a 98 percent fall in quarterly profit, as severe wind and hail storms in parts of the United States pushed up its catastrophe losses. Core income of the ...
Tech Bytes: New Partnerships at NEXT, VIU by HUB, Cover Genius
NEXT Insurance, a digital InsurTech in the small business insurance space, announced its integration with Ivans Download for general liability and workers' compensation policies. This feature offers ...
Increased Auto Insurance Premiums Likely as Lines Face Pricing Pressures Head On
Insurance claims inflation has risen faster than the underlying consumer price index (CPI), outpacing auto insurance premium increases, according to a new study, Auto Insurance: The Uncertain Road ...
Another Insurer Limiting Florida Insurance Policies
AAA won't renew "a very small percentage" of homeowners and auto insurance policies in hurricane-wracked Florida, joining other insurers in limiting their exposure in the Sunshine State despite ...
District of Columbia Sues Manufacturers for ‘Forever Chemical’ Contamination
District of Columbia Attorney General Brian L. Schwalb has filed a lawsuit against more than 25 chemical companies for manufacturing, marketing, distributing and selling ...
The Latest Launches From Corvus, INSUREtrust, In The Car
Corvus Insurance, a cyber underwriter powered by an AI-driven cyber risk platform, announced new AI and natural language processing driven features to increase the degree of automation of routine ...
New NOAA Hurricane Model Launched
A new hurricane model released last month by NOAA's National Hurricane Center, a division of the National Weather Service, has proved better at predicting rapid intensification. The Hurricane ...