News
Slide Will Assume 91,000 Policies and Premium in United P&C Runoff in Florida
One year after Slide Insurance made waves by taking over thousands of policies from a troubled Florida carrier, the young company has done it again. The Florida Office of Insurance Regulation on ...
Remote Work Saves Global Commuters 72 Minutes a Day: Study
Working from home is saving commuters around the world 72 minutes a day — time they're splitting between their jobs, leisure and caregiving, a new study shows. Remote staff are saving the most time ...
U.S. and EU to Launch First-of-Its-Kind AI Agreement
The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate ...
Climate Disaster in Amazon Rainforest Could Cascade Across Earth, Study Finds
Trees set ablaze in Brazil's Amazon rainforest could contribute to melting glaciers in the Himalayas and Antarctica because distant ecosystems that regulate the Earth's climate are more closely ...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points
Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils, which is leading reinsurers to require higher ...
Coalition Launches Full-Stack Cyber Insurer
Coalition announced it has launched a full-stack cyber insurance carrier. Coalition Insurance Company (CIC), which the InsurTech calls the "the first full-stack, active cyber insurance carrier," ...
S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023
A hard market in short-tail lines — such as property and property catastrophe — across global geographies is likely to continue throughout 2023, after beginning the year with multi-decade-high ...
W.R. Berkley: Waiting for Discipline in Property; Overall Marketplace ‘Splintered’
There is no one answer to the overall insurance industry's place within its cyclical path. Each product line needs to be looked at individually, according to Robert Berkley, CEO of W.R. Berkley ...