News
Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening
Global non-life premiums are expected to hit a decade-high growth level of 4.3 percent in 2024, following the repricing of risk over the past several years in response to elevated claims, according ...
One Meter Sea Level Rise by 2100 Could Affect Over 14M People, $1T Worth of Property
A new study published in Nature Climate Change estimates that a one meter sea level rise by 2100 would affect over 14 million people and $1 trillion worth of property along the Southeast Atlantic ...
Thanksgiving Travel Expected to Exceed Pre-Pandemic Levels: AAA
A projected 79.9 million U.S. travelers will head 50 miles or more from home over the Thanksgiving holiday travel period, an increase of 1.7 million compared to last year and 2 million more than in ...
California City to Pay Nearly $1M to K-9 Dog Bite Victim
A Northern California city has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force after a K-9 dog bit into a woman's scalp during her arrest, requiring her to ...
Allstate October Catastrophe Losses of $286M Include Milton, Helene
Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October. Losses during October included $102 million, pretax, from Hurricane Milton as well as $144 million ...
Blacks and Hispanics Pay More for Auto Insurance. Study Tries to Answer Why.
A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than other drivers for coverage, they also have more claims and driving ...
Cyber Threats, Climate and Business Interruption Risks Top Insurance Buyer/Seller Concerns
Cyber crime, climate change, and business interruption are the chief risk concerns among key marketplace segments in the insurance industry, a new survey from Munich Reinsurance America Inc. and the ...
Despite Bridge Condition Improvement, More Needs to Be Done
Despite a consistent drop in the number of structurally deficient bridges in the U.S since 2020, one in three still needs to be replaced or repaired, according to a recent report from the American ...