News
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24
As a group, the top 50 global property/casualty insurers grew premiums by 8.3 percent in 2024, but four of them, individually, grew by more than 20 percent, including Progressive which vaulted into ...
Weak La Niña Expected to Bring Cooler Temperatures to the U.S. This Winter
A new winter outlook report suggests La Niña conditions will remain through February 2026, according to the National Weather Service. The expected weak and short-lasting La Niña will still create ...
Jaguar Land Rover Hack Cost UK Economy an Estimated $2.5B
The hack of Jaguar Land Rover, owned by India's Tata Motors, cost the British economy an estimated 1.9 billion pounds ($2.55 billion) and affected over 5,000 organizations, according to an ...
Amazon Cloud Outage Exposes the Internet’s Vulnerable Backbone
A massive internet outage stemming from errors in Amazon cloud services on Monday morning demonstrated just how many people rely on the corporate behemoth's computational infrastructure every day — ...
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot
The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying ...
Inflation, Supply Chains, Tariffs: Trends Impacting Business Insurance and Claims
Inflation has been a persistent issue in the United States, though it has moderated since its peak during the COVID-19 pandemic, while supply chain disruptions for equipment and other goods continue ...
Rotting Apple: Berkley Explains Property Market, Company Appetite
Analysts trying to reconcile third-quarter premium jumps reported by line of business for W.R. Berkley Corporation with the CEO's opening remarks during an earnings conference call this week may well ...
State Farm Expands Mobile Accident Detection & Response Technology
Earlier this month, State Farm announced it is rolling out enhanced accident response technology across Illinois and Florida. The company's revamped app offers real-time accident detection, automatic ...