Industry News
5 Emerging Risks to Watch: Concurrent Weather Events, Electric Vehicles, Robots
In this edition, we highlight the possible effects of concurrent weather events on critical sectors, hacking vulnerabilities at EV charging stations, the toll having robot co- workers can have on ...
Gas Producer Santos Faces New Climate Claim in Landmark Greenwashing Case
Activists mounting one of the world's first legal challenges over corporate greenwashing have expanded a case against gas producer Santos Ltd., raising fresh allegations about the company's climate ...
Rising Premiums, Low Catastrophe Losses Boost U.S., Bermuda Reinsurers’ H1 Profits
U.S. and Bermuda reinsurers reported strong operating performance for the first six months of 2022, supported by continued pricing increases in most reinsurance and specialty lines of business as ...
Tech Bytes: New Partnerships at Propeller, XDimensional Technologies, SolCyber
Propeller Inc., an InsurTech managing general agency specializing in surety bonds, signed an agreement with SIAA, an alliance of independent insurance agencies in the U.S., to serve as a surety ...
How to Avoid Ghosting: Move Fast, But Not Too Fast, to Hire
Property/casualty insurance carriers looking to hire talent in 2022 need to move quickly to snap up in-demand professionals, including sought-after claims professionals and underwriters with multiple ...
Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase
The Georgia insurance commissioner is publicly shaming one of the country's largest auto insurers after the carrier announced an average 25 percent rate increase in the state. "I am angry and ...
UK Water Supplier Hit by Cyber Attack, Highlighting Critical Infrastructure Vulnerabilities
A company that supplies water to more than 1.5 million people in the UK disclosed it was hit by a cyber attack in an incident security experts said highlighted potentially dangerous vulnerabilities ...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData
Rising inflation in Europe, which jumped to 8.9 percent in July 2022—the highest in 25 years—will hurt the profitability of property/casualty insurers in 2022-2024, according to London-based data ...