Industry News
Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon
Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to both average and median losses of the last 10 years, according to Aon's Q1 ...
Deepfake Porn Could Be a Growing Problem Amid AI Race
Artificial intelligence imaging can be used to create art, try on clothes in virtual fitting rooms or help design advertising campaigns. But experts fear the darker side of the easily accessible ...
Clear Intent to Exclude Named Storms Not Enough to Deny Coverage
In 2015, the Shiloh Christian Center in Melbourne, Fla., cut its property insurance premiums in half by asking its insurer to drop coverage for named windstorms. Hurricane Matthew struck the next ...
CSU Research Team Forecasts Slightly Below Average 2023 Hurricane Season
The hurricane research team at Colorado State University in its early forecast of the 2023 Atlantic hurricane season is predicting slightly below-average activity. The CSU Tropical Meteorology ...
U.S. P/C Underwriting Profit in 2023? Not Yet, Fitch Predicts
Analysts at Fitch Ratings predict a better underwriting result for U.S. property/casualty insurers in 2023 than 2022, but the combined ratio is still going to hover above breakeven, according to ...
The Latest Launches From Berkley Select, ZestyAI, Coalition
Berkley Select has enhanced its lawyers professional liability offerings, adding new coverages, more flexible policy forms and expanded capacity. Berkley Select's lawyers professional liability ...
Reserve Hits Push Progressive Q1 Combined to 99; Fla. Impact Noted
Progressive's combined ratio for the first quarter came in just a point under breakeven, with 4.6 points of the 99 combined ratio across all lines attributable to unfavorable loss reserve ...
The Hartford Reveals Preliminary Income Figures for First Quarter
Two weeks before its officially set to announce earnings, The Hartford previewed first-quarter net income and underwriting results, revealing that net income will grow to $530 million, in spite of ...