Plastic Pollution Could Trigger $20 Billion in Lawsuit Payouts
Litigation could cost the plastics industry and its insurers $20 billion in the U.S. over the next eight years, according to a report backed by the United Nations and an ...
Industry News
Executives on the Move at Canopius, Cowbell, Hiscox
Canopius Group, a global specialty re/insurer, has hired Coleman V. Johnson as its chief underwriting officer U.S. and Bermuda.
Johnson ...
Four in Five of World’s Cities at Risk From Heat Waves, Floods, Droughts: Study
Four in five cities across the world are facing significant climate hazards such as heat waves, floods and droughts, data from environmental disclosure non-profit CDP ...
InsurTech NY Reveals Its 2022 Growth Stage Accelerator Cohort
InsurTech NY, the largest InsurTech community in North America, has announced its third growth-stage InsurTech accelerator cohort.
AM Best: Trouble Around the Bend for Commercial Auto Insurers After Good 2021?
For the first time in many years the commercial auto insurance segment enjoyed a combined ratio below 100 in 2021, but increased claim frequency and severity in 2022 ...
Cyber MGA Coalition and BDT Capital Partners Launch Bermuda Reinsurer Ferian Re
Coalition, the San Francisco-based cyber insurer and cybersecurity firm, announced the formation of Ferian Re, an independent Bermuda-based Class 3B reinsurer that will ...
Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net
Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to Hurricane Ian, sending over $1 billion of the total to ...
Many U.S. Drivers Treat Partially Automated Cars as Self-Driving: Study
Drivers using advanced driver assistance systems like Tesla Autopilot or General Motor Super Cruise often treat their vehicles as fully self-driving despite warnings, a ...
‘Hardening’ Property Catastrophe Market Enters ‘Hard’ Market Phase: Bank of America
European reinsurers will miss their earnings targets in 2022 — for the sixth year in a row — which is pressuring the industry to raise rates and continue improving ...
Top U.S. Homeowners Insurers Minimally Exposed to Losses From Ian: Moody’s
A report from Moody's Investors Service clearly paints Ian as a loss event for Florida-only home insurers since large, national insurers have significantly reduced ...