News
New and Revised Ian Loss Estimates, Images of Property Damage Published
On Friday, Oct. 7, RMS published a $53-$74 billion estimate of the range of losses coming to private market insurers from Hurricane Ian. The low end of the range, coincidentally matched the high end ...
Farmers Group CEO Dailey to Retire in 2023; Vargas Will Takes the Reins
Farmers Group has appointed Raul Vargas as president and chief executive officer, effective Jan. 1, 2023. He will also become a member of the Board of Directors. Vargas will succeed Jeff Dailey, who ...
U.S. Consumers Value Data Privacy Over Savings in Home and Auto Insurance: Policygenius
Despite inflation and rising costs, most Americans would rather pay more for insurance coverage than use data-monitoring devices, according to an annual survey from Policygenius. The survey found ...
Taking Action: How Insurers Can Lead by Example With ESG
As environmental, social and governance issues are increasingly becoming a bigger topic of discussion in the insurance industry, Thomas Troy, president and CEO of CSAA Insurance Group—a provider of ...
Will Ian Consume Florida Cat Fund, Forcing More Back-Breaking Reinsurance?
While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion in insured losses, a few are now warning that the storm ...
How Methane Leaks Accelerate Global Warming
Methane leaks have emerged as a top threat to the global climate, with the latest incident involving two Russian gas pipelines under the Baltic Sea that are at the heart of an energy crisis since ...
Viewpoint: Hurricane Ian, Anti-Concurrent Loss Language and Ambiguities
On Sept. 28, 2022, the nearly Category 5 Hurricane Ian made landfall in southwest Florida with maximum sustained winds clocked at approximately 150 MPH. Reports out of Lee County, Fla., have been ...
U.S. Homeowners Line ‘Stable,’ but Weather Events Present Uncertainty: AM Best
A day after Hurricane Ian hit Florida as a Category 4 storm Sept. 28, AM Best released its scheduled market segment report of the U.S. homeowners insurance market, calling it stable due to overall ...