Industry News
Insurers Plan to Hire But Recruitment Struggles Remain
Most U.S. insurers want to fill existing positions or expand their staffs over the next year even though they are still having trouble recruiting. Interestingly, that trouble has persisted even ...
Hurricane Laura Wind/Storm Surge Insured Losses Could Reach $12B: CoreLogic
Hurricane Laura wind and storm surge-related damages caused between $8 billion and $12 billion in insured losses, according to a new data analysis from CoreLogic. Specifically, the estimate covers ...
China’s Ping An Insurance Reports Steady H1 2020 Results
Ping An Insurance Company of China announced its 2020 interim results for the six month period ended June 30, 2020. The integrated financial services company said it maintained steady business ...
Climate Change and More Making Hurricanes Increasingly Destructive
A destructive storm rising from warm waters. Again. America and the world are getting more frequent and bigger multibillion-dollar tropical catastrophes like Hurricane Laura, which menaced the U.S. ...
For Mid-Sized Businesses, Reducing Risk Through Crisis Management Remains Big Unmet Need
Nearly 60 percent of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same time, a little over a third said they're concerned about ...
COVID-19 Left Reinsurers With ‘Anemic Earnings’ Picture Despite Investment Return Rebound
Even though investment returns rebounded from first-quarter levels during the second quarter of 2020, claims from COVID-19 created an "anemic earnings" picture for global reinsurers, Moody's Investor ...
Insurers Recognizing ‘Mega’ WC Claims More Quickly
The share of "mega" workers' compensation claims — those expected to cost $3 million or more — climbed steadily since 2013 after dropping as construction employment declined sharply during the ...
P/C Carriers Will Feel the Hurt From Hurricane Laura
Ratings analysts A.M. Best and Moody's are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place ...