Industry News
Reinsurance Demand, Pricing to Continue Rising Next Year: Moody’s
Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday. Reinsurance rates have been rising in the past few ...
P/C Carrier Job Tally Down 14K So Far in 2021
Unemployment levels increased across the insurance industry in the first half of 2021, with property/casualty insurance carrier employment figures revealing a drop of 14,000 jobs. Greg Jacobson, ...
AM Best Assigns Rating to InsurTech Next Insurance
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) to startup Next Insurance US Co., headquartered in Palo Alto, California. ...
Pushing Boundaries: NFTs as the Fine Art Market’s Next Frontier
As anyone who works in insurance knows, technology is powerful enough to transform any industry. And the fine art market is no exception. "I think it's the nature of the art world to constantly be ...
India Unveils Customer Data-Pooling System to Open Finance to Millions
India unveiled a data-sharing system that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records and expanding the potential ...
AIR Worldwide Estimates Insured Losses for Hurricane Ida Could Be Up to $25B
Insured losses to onshore property resulting from Hurricane Ida's winds and storm surge will range from $17 billion to $25 billion, according to estimates from modeling firm AIR Worldwide. AIR's ...
Traffic Deaths Up 10.5% in First Three Months of 2021
New data shows a sustained increase in U.S. traffic deaths that regulators ascribe to impaired driving, speeding, a failure to wear seat belts and other unsafe behavior since the start of the ...
London Adapts to a Post-Brexit Financial World
High in the skyscrapers that have taken root in its warren of medieval streets, City of London grandees are plotting a post-Brexit regulatory revamp to rival New York. The City, as London's ...