One-Third of Global Population at Risk for Floods: Moody’s
A new white paper from Moody's reveals that 2.7 billion people — more than one-third of the global population — live in areas vulnerable to inland or coastal ...
Industry News
Insurers See Decline in Private Equity Income Despite Investing More: AM Best
Despite increasing private equity investments, U.S. insurers experienced a second straight year of declining income on those investments, which dropped to $7.7 billion in 2023, down from $10.2 ...
Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report
Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to ...
Nowhere in America Is Safe From Climate-Fueled Storms and Fires
Forecasters had warned for days that Hurricane Helene was likely to cause widespread devastation. But when the powerful storm struck Florida and barreled through the eastern U.S. last month, killing ...
Helene Damage Numbers Climb: AccuWeather Revises Total Damage Cost to $225B+
For the second time since Hurricane Helene made landfall, AccuWeather has increased its estimate of the total damage and economic loss from the storm. Now, the weather forecasting firm has put a ...
Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk
While the Lloyd's market reported its best first-half profit in 17 years, it isn't resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified. ...
Reinsurers Open for Business—Even U.S. Casualty, Execs Say
Although Monte Carlo convos about reinsurer appetites for U.S. casualty business prompted some flashbacks to the 1980s, reinsurance company executives who spoke after the Rendez-Vous de Septembre ...
Broker Exec Decodes Property Reinsurer Speak: ‘We Want to Grow’
When the president of Aon attended the Rendez-Vous de Septembre, he came away with a forecast hidden behind the words reinsurers were explicitly delivering. "Each of the reinsurers led every meeting ...
Rural Mutual, Badger Mutual Agree to Affiliate
Wisconsin-based mutual insurers, Rural Mutual Insurance Company and Badger Mutual Insurance Company, have announced an affiliation. The affiliation is subject to regulatory approval with an ...