News
Climate Change Means Californians Need Flood Insurance Now
Californians know wildfires and earthquakes; hurricanes, not so much. So, when Tropical Storm Hilary inundated Southern California in normally bone-dry August, it showed just how exposed homeowners ...
New Study Says Autonomous Vehicles Significantly Reduce BI/PD Claims
A first-of-its-kind study has revealed that autonomous vehicle technology reduced bodily injury claims frequency by 100 percent and property damage claims frequency by 76 percent. Global reinsurer ...
Major Malware Network Accused of 30% of Global Cyber Attacks Seized
U.S. officials said Tuesday that the FBI and its European partners infiltrated and seized control of a major global malware network used for more than 15 years to commit a gamut of online crimes ...
Executives on the Move at AXA XL, Guy Carpenter, AIG
AXA XL has appointed Lucy Pilko as CEO for the Americas region of its insurance operations, effective Oct. 30, 2023. She assumes the role from Joseph Tocco, who has decided to retire after more than ...
World Losing Race to Meet Climate Goals, COP28 President Says
The world is losing the race to meet its climate change goals, the president of the upcoming COP28 summit said on Tuesday, as African leaders called for changes to what they say is an unfair ...
Top 15 E&S Writers: Lloyd’s, Berkshire Still Lead as All Major Players Grow
The U.S. excess and surplus lines market reported double-digit growth for the fifth straight year in 2022,with second-ranked Berkshire Hathaway pushing the total growth figure for the E&S market ...
Extreme Weather Hits Summer Tourism Businesses Hard
For small businesses that rely on summer tourism to keep afloat, extreme weather is replacing the pandemic as the determining factor in how well a summer will go. The pandemic had its ups and downs ...
S&P Raises Reinsurance Sector View to Stable as Rates Keep Rising
S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody's ...