News
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 ...
Billion-Dollar Satellite Risks Upending Space Insurance
Viasat Inc. has more than $1 billion of orbiting satellites in trouble, and space insurers are girding for market-rattling claims. The company's roughly $1 billion ViaSat-3 Americas satellite, ...
Deepfake Imposter Scams Are Driving a New Wave of Fraud
Computer-generated children's voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff ...
State Insurers Weather Hurricane Idalia Amid Florida Market Pullback
Florida-only insurers such as Citizens Property Insurance anticipate fewer losses from Hurricane Idalia than from previous storms in the state, even as industry experts expect further insurer ...
Tampa Bay Dodges Direct Hurricane Hit, Deals With Significant Flooding
Last year it was Hurricane Ian that drew a bead on Tampa Bay before abruptly shifting east to strike southwest Florida more than 130 miles (210 kilometers) away. This time it was Hurricane Idalia, ...
New Rule to Prevent Furniture Tip-Over Injuries Goes in Effect Today
Tip-over related deaths and injuries are expected to decline as a new U.S. Consumer Product Safety Commission mandatory safety standard goes into effect today. The new rule is designed to protect ...