U.S. Commercial Rates Increased in Q4 – But at Slower Pace: WTW
U.S. commercial insurance prices grew in the fourth quarter of 2022 by an average of 4.8 percent, down from the rate of 5.2 percent in the previous quarter (Q3 2022), ...
Industry News
Demand for Transactional Risk Coverage Remained Strong in 2022: Marsh
Transactional risk insurance continued its rise in popularity in 2022 to become a global, mainstream feature on mergers and acquisitions (M&A).
Viewpoint: Silicon Valley Bank’s Failure in Risk Management
As someone who had a front row seat at the largest bank failure in U.S. history, Washington Mutual, the demise of Silicon Valley Bank (SVB) brings back memories of how ...
China Is ‘Big Threat’ to Energy Industry, Cybersecurity Official Says
The U.S. energy industry must shore up protection against cyber attacks from China, a more pressing concern than attacks from Russia amid its war on Ukraine, according to ...
Silicon Valley Bank Parent SVB Financial Group Faces First Securities Class Action
Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against it, carrying allegations that the bank made ...
Aon Updates Europe Windstorm, Severe Convective Storm Models
Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate ...
Allianz Restructures Global Commercial Insurance Unit as One Go-to-Market Business
Allianz Group announced it is restructuring its global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, which will ...
La Nina, Which Worsens Hurricanes and Drought, Is Gone
After three nasty years, the La Nina weather phenomenon that increases Atlantic hurricane activity and worsens western drought is gone, the National Oceanic and ...
2022 In Review: It Was Bad
The year 2022 is in the books for most U.S. property/casualty insurers as the days tick down to statutory filing deadlines. Putting the numbers together, AM Best revealed just how bad the aggregate ...