Industry News
Global Natural Disasters Cost Insurers $99B in Q3, With Economic Losses of $227B: Aon
Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion, of which $99 billion was covered by public and private insurers, which means ...
AmTrust Acquires DUAL’s Middle Market Management Liability Practice
AmTrust Financial Services has acquired the middle market management liability business of specialty program administrator DUAL North America, which includes its underwriting team and renewal rights ...
As Homeowners Rebuild After Ian, a Cooling New Housing Market Drops Material Costs
If Hurricane Ian would have made landfall in Florida, say, six months ago, the costs of reconstruction could have been even higher than the already staggering estimates now coming from the Sunshine ...
Property Market to Harden More: MMC’s Doyle
While the total impact of Hurricane Ian won't be realized for some time, the effect on an "already stressed property market will be significant," said John Q. Doyle, group president and chief ...
All The Latest Insurance Company Estimates: Hurricane Ian Losses (as of 10/20)
A recap of individual company estimates, net of reinsurance, summing to over $7.5 billion as if Oct. 20 is presented below. (Editor's Note: After the table was compiled, Munich Re disclosed its ...
Thousands of New Independent Agencies Opened During Pandemic: Study
The number of independent insurance agencies has increased and business conditions for agencies remain favorable, according to the 2022 Agency Universe Study. While the majority of agencies ...
After Ian Swamped His Office, Florida Insurance Agent Picks Up the Pieces
In the days following Hurricane Ian's U.S. landfalls, John Gardner found himself in a position no insurance agent would like to be in: no office to work in, no electrical service and no Internet, but ...
CEOs of Travelers, CNA Elected APCIA Chair, Chair-Elect
Alan Schnitzer, chair and chief executive officer of The Travelers Companies, has been elected chair of the board of directors of the American Property Casualty Insurance Association (APCIA). Dino E. ...