News
Conning: Cyber Insurance Market at a Critical Juncture
The next three years will be critical to the long-term growth prospects of the cyber insurance market, according to a scenario-led analysis of the market's dynamics report released by Conning, "Cyber ...
Lightning Caused $952M in Homeowners Claims in 2022, Decline from 2021
More than $950 million was paid to more than 62,000 U.S. homeowners insurance claims in 2022, according to analysis released last month by the Insurance Information Institute (Triple-I). At least ...Kin Enters Southwestern U.S. Market
Kin, a direct-to-consumer residential property insurer, announced its expansion into Arizona. The Grand Canyon State marks Kin's first move into the U.S. Southwest, building upon the company's growth ...
FTC Investigates OpenAI Over Misleading Statements
The Federal Trade Commission (FTC) has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest ...
Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report
Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions about reserve adequacy for property/casualty insurers, ...
Tech Bytes: New Partnerships at Pepper, Reask, Blink Parametric
Pepper, a U.S.-based consumer Internet of Things platform as a service, announced the availability of cyber insurance through a partnership with Embedded Insurance. By leveraging Pepper's technology, ...
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 ...