Industry News
P/C Insurers Face Challenging Claims Dynamics as Frequency, Severity Rise: Swiss Re
The property/casualty insurance industry is confronting challenging claims dynamics, with rising frequency and severity of claims despite decreases in economic inflation, according to Swiss Re. The ...
‘A Great Partner’: Berkshire Hathaway Vice Chair Munger Dies at 99
Berkshire Hathaway released a brief statement late Tuesday announcing the death of Vice Chair Charlie Munger. "Berkshire Hathaway could not have been built to its present status without Charlie's ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
Fewer Than 10% of CEOs in Britain’s Largest Companies Are Women
Even as Britain's largest companies are hiring women in executive leadership roles at the fastest pace in five years, there's a big hurdle to cross: they are still unlikely to be in influential roles ...
Climate Activists, Companies Lawyer Up for Courtroom Battles
As global temperatures and emissions climb, people are increasingly turning to courtrooms to challenge fossil fuel companies' activities, leading to wins on issues like "climate-washing" but also ...
Governments Increasingly Will Foot Bill for Climate Risks as Insurers Exit: Report
As insurers start to pull out from markets battered by the fallout of climate change, governments are increasingly at risk of having to foot the bill, according to the Bank for International ...
What to Expect: 8 InsurTech Predictions for 2024
2023 has been a tough year for InsurTechs to raise the Venture Capital they need to grow. Investors turned their backs on whole categories like full-stack carriers and direct-to-consumer startups. ...
Reinsurers’ Earnings Rise on Lower Disaster Losses, Improved Investment Results: Fitch
Lower natural catastrophe losses, better investment results and strong revenue growth in property/casualty reinsurance led to strong earnings' increases for the four main European reinsurers in the ...
Reinsurers Cautious About U.S. Regional Property Cat as Storm Losses Rise: Gallagher Re
After a costly 2023 severe convective storm season in the U.S., reinsurers underwriting in the regional property-catastrophe market are skeptical about providing frequency cover, but their overall ...