Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world, a predicament made more worrisome as ...
FEMA's National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021, but the program faces a potentially significant ...
Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and ...
Natural disasters during the first half of 2023 cost insurers an estimated $43 billion with an overall economic price tag of $110 billion, according to Munich Re.
Global commercial insurance pricing rose 3 percent in the second quarter of 2023, down from 4 percent in Q1, according to Marsh, which pointed to two notable trends ...
Tech Bytes: New Partnerships at ZestyAI, Ascend
ZestyAI, a provider of climate and property risk analytics solutions powered by artificial intelligence, announced an agreement with Coterie Insurance, a partnership-focused managing general agent, ...
Fitch: Financial Performance Influenced by P&C Company Ownership Structures
Balance sheet risks and financial performance vary depending upon property and casualty insurers' ownership structure, according to a special report by Fitch Ratings. Material differences in ...
Global Insurance Prices Continue to Moderate in Q2 With Exception of Property: Marsh
New Ethical AI Consortium Launched
Three digital technology providers announced the launch of the Ethical AI in Insurance Consortium as a means to help guide the insurance industry toward a responsible and ethical future using AI. ...
