Industry News
ECB Climate Stress Test Highlights $71B Risk for Euro Zone Banks
A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone's largest banks, the European Central ...
‘Cautious Optimism’ for Cyber Buyers as More Focus on Risk Controls: Marsh
While the market for cyber insurance is expected to remain challenging "for the foreseeable future," there is optimism for rate stabilization as organization focus on cyber hygiene, according to ...
InsurTech NY Accepting Applications for Third Accelerator Cohort
InsurTech NY announced that it is now accepting applications for its third annual growth-stage accelerator. The application window will run from July 6-29, and applications can be submitted through ...
U.S. Auto Crash Death Rate Highest in Study of Rich Countries
U.S. death rates from motor vehicle crashes are the highest among 29 upper-income countries, according to a government study that adds to the country's poor public-health record among developed ...
Vertafore Acquires MGA Systems
Insurance technology vendor Vertafore has acquired MGA Systems, a provider of software for managing general agencies based in Melville, N.Y. Vertafore said the acquisition gives its customers access ...
Rate Increases Steady in Q2: MarketScout
MarketScout said commercial property/casualty rates in the U.S. during the second quarter of 2022 were about the same as the first quarter, with composite average rate increases across all lines of ...
Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected
Europe's landmark test of banks' resilience to global warming was far softer than many lenders had expected, according to people familiar with the matter. Even the toughest hypothetical scenarios in ...
Robots May Reduce Physical Injuries But Raise Substance Abuse, Mental Health Issues
Automation enhances industry, but it's harmful to the mental health of its human co-workers. A University of Pittsburgh study suggests that while American workers who work alongside industrial robots ...