Rise of the Frequency Perils
There's no denying the frequency (aka secondary) perils have taken front and center stage when it comes to weather-related disasters and insurer claims.
The U.S. has joined a list of mostly emerging-market countries where ESG supply-chain risks are "high," after the world's richest economy failed to provide adequate ...
State Farm Stronger as Underwriting Losses Shrink—But Not in California
After reporting a $13 billion underwriting loss in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss last year—but the total for 2024 was less than half of those prior ...
Study Urges Rethinking of Disaster Management in Era of Compounding Events
A new report warns that compounding natural disasters introduce new, interconnected and complex risk scenarios — and points to a need to reimagine efforts that support disaster preparedness, ...
30% of Global Business Leaders Say Political Risk Is Their Biggest Threat
Sixty-five percent of North American business leaders fear this election year will impact their ability to trade internationally, with 32 percent of U.S. leaders saying political risk is their No. 1 ...
Lockton Re: One-Size-Fits-All Approach to Cyber Reinsurance No Longer Works
A one-size-fits-all approach to cyber reinsurance is no longer suiting an increasingly specialized market, according to The Lockton Re Cyber Centre in a recent report titled, The All Risk Cyber (ARC) ...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in ’23?
While no one directly asked the question of this article's headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during ...
‘Synthetic’ Agents? Lemonade Says Finance Deal Limits Cash Burn
Late last week, Lemonade announced a financial agreement to borrow 80 percent of the costs it incurs to acquire insurance customers from a venture firm. The InsurTech carrier revealed the deal in a ...
U.S. Slips in Supply-Chain Ranks After Child-Labor Violations
Florida Relief Not Immediate: AM Best
Insurance reforms passed in Florida's most-recent legislative special session will lead to much-needed relief to the state's homeowners market, but the impact won't be immediate, AM Best analysts ...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best
Will 2023 reinsurance renewals mark a turning point to a "true hard market" that attracts "new capital in droves" and expands supply? Analysts from AM Best raised the question in a new Best's Market ...