Industry News
Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says
Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment ...
Conning: Cyber Insurance Market at a Critical Juncture
The next three years will be critical to the long-term growth prospects of the cyber insurance market, according to a scenario-led analysis of the market's dynamics report released by Conning, "Cyber ...Kin Enters Southwestern U.S. Market
Kin, a direct-to-consumer residential property insurer, announced its expansion into Arizona. The Grand Canyon State marks Kin's first move into the U.S. Southwest, building upon the company's growth ...
Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report
Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions about reserve adequacy for property/casualty insurers, ...
Tech Bytes: New Partnerships at Pepper, Reask, Blink Parametric
Pepper, a U.S.-based consumer Internet of Things platform as a service, announced the availability of cyber insurance through a partnership with Embedded Insurance. By leveraging Pepper's technology, ...
P/C Market Won’t See Underwriting Profit Until ’24; Outsized Growth Expected
After four years of unparalleled underwriting profitability ending in 2021, the P/C market is headed for a second straight year of underwriting losses, according to the newly released S&P Global ...
Workers Comp and Mental Health: Panel Examines Why Worker Well-Being Matters
American workers are struggling. Employee stress has reached record highs. Symptoms and formal diagnoses of mental illnesses like anxiety, depression and PTSD are rising. Substance abuse disorders ...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in ’23?
While no one directly asked the question of this article's headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during ...