Industry News
Only 38% of 2021’s Natural Disaster Losses of $343B Were Covered by Insurance: Aon
Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to Aon's "2021 Weather, Climate and Catastrophe Insight" report. Insured losses ...
Regional Cyber Conflicts Could Lead to Infrastructure Attacks in 2022: CyberCube
Three regional cyber conflicts could lead to infrastructure attacks and damaging cyber espionage in 2022, a new report from cyber analytics company CyberCube says. Cyber hostilities between Israel ...
Loss Costs Outpaced Premium Increases for U.S. P/C Industry Through Q3 2021
Direct premium production for the U.S. P/C industry through third-quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen ...
Generali Loses Third Board Director in Less Than 2 Weeks
Generali, Italy's biggest insurer, said on Tuesday that Sabrina Pucci had resigned from its board for personal reasons, the third director to step down in less than two weeks. Generali's ...
Berkshire Plans First In-Person Annual Meeting Since COVID Began
Warren Buffett's Berkshire Hathaway Inc. plans this year to let shareholders attend the company's annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the ...
Home-Based Businesses Thriving, But Many Lack Insurance: Study
There's been a surge in new home-based businesses during the pandemic, but many aren't covered by insurance, according to a new study by AXIS Insurance, the specialty insurance business segment of ...
Tech Bytes: New Partnerships at Duck Creek, InShare, Parametrix
Duck Creek Technologies, a global technology services provider for the property/casualty insurance industry, entered a strategic partnership with Hi Marley, a communications platform for carriers and ...Allstate Buys Downtown Chicago Office Building After Selling Northbrook Campus
The Allstate Corp. has acquired an office building in downtown Chicago months after agreeing to sell most of its campus in Northbrook, Ill. Allstate confirmed it purchased the property at 29 N. ...