News
Specialty P/C Insurers Outperform Their U.S. Peers: Report
Property/casualty insurers in the U.S. that focused on difficult-to-place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet ...
Aon: Global Disasters Push Economic Losses to a 21st Century High at $194B
A new report estimates $194 billion in economic losses due to global disasters for the first half of 2023. According to Aon's H1 2023 Global Catastrophe Recap, this is well above the 21st century ...
Historic Catastrophe Losses Blamed for Slump in Travelers’ Profit
This week, Travelers Companies Inc. reported a 98 percent fall in quarterly profit, as severe wind and hail storms in parts of the United States pushed up its catastrophe losses. Core income of the ...
Florida Girl Burned by McDonald’s Chicken McNugget Awarded $800,000 in Damages
A South Florida jury awarded $800,000 in damages to a little girl who received second-degree burns when a hot Chicken McNugget fell on her leg as her mother pulled away from the drive-thru of a ...
Tech Bytes: New Partnerships at NEXT, VIU by HUB, Cover Genius
NEXT Insurance, a digital InsurTech in the small business insurance space, announced its integration with Ivans Download for general liability and workers' compensation policies. This feature offers ...
Steadily Raises $28.5M in Series B to Scale Landlord Insurance Offering
Steadily, a landlord insurance company, announced that it has raised $28.5 million in series b funding. Steadily serves rental property owners of single-family and small multi-family rentals across ...
Increased Auto Insurance Premiums Likely as Lines Face Pricing Pressures Head On
Insurance claims inflation has risen faster than the underlying consumer price index (CPI), outpacing auto insurance premium increases, according to a new study, Auto Insurance: The Uncertain Road ...
El Nino Predicted Through Winter
The National Weather Service has indicated there is a greater than 90 percent chance that El Niño will continue through the Northern Hemisphere winter. Last month, a weak El Niño was associated ...