News
Tips to Building, Scaling Insurance Businesses for Success
Analysis of a 2022 survey, conducted by McKinsey, finds that while new insurance business avenues can have significant impact on enterprise value, many insurers struggle to build and scale them. ...
Full-Size Pickups Have Highest Theft Rate: NICB
Vehicle thefts rose 7 percent last year, according to newly released analysis by the National Insurance Crime Bureau (NICB). The majority of the thefts were of full-size pickups, which made up more ...
Munich Re: Turkey Quake Contributed to $43B in H1 2023 Insurance Losses
A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in the first half of 2023, Munich Re said in ...
‘Rolling Recession’ or ‘Richcession’ May Spare U.S. From a Full Economic Downturn
Despite more than a year of widespread warnings that a recession was near, America's economy is, if anything, accelerating. Even as the Federal Reserve has sent borrowing costs sharply higher, the ...
Delaware vs. IRS: Fight Over Captive Insurers’ Data Privacy Headed to Supreme Court
The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service over the release of information on captive insurers. This fight has placed Delaware's state ...
State Farm Seeking $1.5M From Owners of Collapsed NYC Garage
The collapse of a New York City garage in April was caused by the negligence of the owners of the building, according to their insurer, State Farm, which is suing them to recover $1.5 million in ...
Study: Motor Vehicle Thefts Soar in First Half of 2023
During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released this week by the Council on Criminal Justice. ...
AM Best: Insurer Portfolio Diversification Hindered by Convective Storms
The growing frequency and severity of convective storms in southern U.S. states is increasingly hampering the ability of insurer and reinsurers to effectively diversify their portfolios, a new AM ...