News
P/C Market Won’t See Underwriting Profit Until ’24; Outsized Growth Expected
After four years of unparalleled underwriting profitability ending in 2021, the P/C market is headed for a second straight year of underwriting losses, according to the newly released S&P Global ...
Workers Comp and Mental Health: Panel Examines Why Worker Well-Being Matters
American workers are struggling. Employee stress has reached record highs. Symptoms and formal diagnoses of mental illnesses like anxiety, depression and PTSD are rising. Substance abuse disorders ...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in ’23?
While no one directly asked the question of this article's headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during ...
Experts Warn Regulations Need to Be in Place to Rein in AI Explosion
Rapid advancements in artificial intelligence have the potential to exacerbate societal problems and even pose an existential threat to human life, increasing the need for global regulation, AI ...
Insurers Sue Energy Corp. to Recoup Colorado Wildfire Claims Payments
Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed ...
Executives on the Move at AXIS Capital, Canopius, Obsidian
AXIS Capital Holdings Limited named Lauren Kent president of AXIS Re International. She will report directly to Ann Haugh, CEO of AXIS Re, and is part of the reinsurance executive team. Kent, who ...
Property Insurers’ Ratings Under Pressure as Risk Rises
The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said ...
Top 10 Most Recession-Proof States in 2023
Cold, upper Midwest states are the most capable of withstanding a potential recession later this year, according to a new report by NationalBusinessCapital.com, a fintech lending platform for ...