News
El Nino Conditions Expected for January to March 2024
There is a more than 95 percent chance that the El Niño weather pattern will continue through the Northern Hemisphere winter from January to March 2024, a U.S. government forecaster said on ...
Tourist Duck Boats Get New Rules Aimed at Improving Safety
Five years after 17 people died when a duck boat sank on a Missouri lake, the U.S. Coast Guard has issued new rules for the amphibious World War II vessels retrofitted for tourist excursions. But the ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
AM Best Revises U.S. Homeowners Segment to Negative
AM Best said it has revised its outlook for the U.S. homeowners segment to negative from stable following three consecutive years of net underwriting losses as a result of above-average numbers of ...
U.S. Launches: Everest Adds Wholesale Division; Canopius Expands Casualty Business
Everest Insurance, the insurance division of Everest Group Ltd., a global underwriter of property/casualty insurance and specialty reinsurance, announced the opening of a dedicated U.S. Wholesale and ...
Survey Finds 82% of Employees Worldwide Expect Employers to Support Work-Life Balance
The results of a recent global survey of employees reveals that nine out of 10 employees consider well-being facilities and offerings to be critical in their decision when choosing a workplace, while ...
Live Burn Demonstrates Value of Wildfire Mitigation
A recent wildfire demonstration highlighted how mitigation can thwart damaging fires from reaching homes. The live burn conducted in collaboration with the Insurance Institute for Business & Home ...
New England Could See More Monster Storms Like Hurricane Lee
When it comes to hurricanes, New England can't compete with Florida or the Caribbean. But scientists said Friday the arrival of storms like Hurricane Lee this weekend could become more common in the ...
For 5th Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best
Total U.S. surplus lines direct premiums written (DPW) rose by 19.2 percent to reach a record $98.5 billion in 2022, marking a five-year streak of double-digit growth rate increase, according to a ...