News
Swiss Re Posts Q3 Loss on Hit From Hurricane Ian, Signals Price Hikes
Swiss Re reported a third-quarter loss of $442 million driven by claims tied to the damage from Hurricane Ian and signaled that renewal prices would jump next year. The Zurich-based reinsurer's key ...
Fitch Moves Outlook on Allstate’s A+ Ratings to Negative
Highlighting a sharp drop in underwriting results, declines in statutory capital and outsized additions to prior-period loss reserves, Fitch Ratings moved the rating outlook on "A+" financial ...
Customers Frustrated by Longer Auto Repair Times: J.D. Power
Customer satisfaction with the auto claims process has eroded after four consecutive years of improvement, dropping 7 points to 873 (on a 1,000-point scale) compared to 2021, according to the J.D. ...
AXA XL Launches Innovation Office; W.R. Berkley Forms E&S Solutions Unit
AXA XL Insurance has launched an Underwriting Innovation Office in the Americas to drive innovation to support business initiatives. The Underwriting Innovation Office will liaise across AXA XL's ...
Tesla Faces U.S. Criminal Probe Over Self-Driving Claims
Tesla Inc. is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves, three people familiar with the matter said. The U.S. Department ...
Companies Increasingly Keep Climate Pledges Secret as ‘Green Hushing’ Takes Off
Companies are increasingly trying to keep their climate pledges away from public scrutiny. The phenomenon, known as green hushing, has become pervasive even as businesses set more ambitious internal ...
New Weed Products and Firms Mean Concerns, Opportunities for Underwriters
The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that, management of marijuana and hemp businesses is going through ...
Viewpoint: Ranking Hurricane Ian Among the 10 Worst Natural Disasters in U.S. History
We are in the early stages of sifting through the debris of Hurricane Ian and calculating the financial and human toll it took after coming ashore in Southwest Florida with 150 mph winds and 20 ...