News
January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle
The most challenging January reinsurance renewals in nearly two decades saw global property-catastrophe rate increases of 25-60 percent, with loss-affected clients facing even higher prices, ...
AI Wildfire Detection Bill Gets Approval in Colorado
A year after the most destructive wildfire in the state's history scorched nearly 1,100 homes, Colorado lawmakers are considering joining other Western states by adopting artificial intelligence in ...
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself
When it comes to climate impacts, the front line of the finance industry is insurance. Last year's payout from damages caused by extreme weather events totaled $120 billion—about the same as the ...
CFOs Now Occupy Hottest Seat in Boardroom and Most Acute Labor Shortage
It's not just truck drivers and nurses. The most acute labor shortage for many companies right now is the chief financial officer. Assignments for CFO appointments across Europe, the Middle East and ...
Tesla, Insurers Address Expensive Repairs in Sharply Different Ways
Tesla Inc.'s electric vehicles are expensive to repair — so much so that the automaker and insurers are addressing the issue in sharply different ways. Chief Executive Elon Musk says Tesla is ...
Progressive Puts Targeted 96 Combined Ratio in the Books for 2022
In a report on financial results for the month of December, which was published on Tuesday, Progressive revealed that the company met its frequently stated goal of posting a 96 combined ratio again ...
Tesla Competing With ‘GEICOs of the World’ to Lower Insurance Prices
While executives of Tesla said the car maker's insurance business isn't yet big enough to warrant separate financial disclosure of its results, Chief Executive Officer Elon Musk reiterated a benefit ...
Cowbell Launches eLearning Academy Dedicated to Cyber Insurance
Cyber insurer Cowbell on Wednesday announced the launch of Cowbell Academy, a new institution that offers insurance agents and brokers lessons on cyber insurance. The program includes general classes ...