Nationwide to Take Actions to Limit Risk in Personal, Commercial Portfolios June 13, 2023 By Chad Hemenway Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country....
How Will Economic Pressures Affect P/C Industry? May 22, 2023 By Allen Laman How could the current economic environment affect workers compensation – and the property and casualty insurance industry overall – in...
High Inflation Hiked P/C Claims Costs Up to 7.5% in 2022 March 24, 2023 By L.S. Howard High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to...
UK Businesses Face Risk of Underinsurance as Construction Costs Reach Record Highs March 21, 2023 Continuing high levels of inflation in construction costs in the UK and globally, risk leaving homes and businesses underinsured in...
Lloyd’s to Pay Some Staff £1,500 in Latest Cost-of-Living Aid February 1, 2023 By Irina Anghel Lloyd’s of London will hand some staff an extra £1,500 ($1,850) to cover rising living costs as inflation persists into...
AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation December 8, 2022 As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but...
Albertsons, Kroger CEOs to Defend $25B Merger to Skeptical U.S. Senators November 29, 2022 By Diane Bartz Top executives at Kroger Co. and Albertsons Companies Inc. are expected to face tough questions on Tuesday from lawmakers who...
Half a Million UK Workers Drop Out of Workforce Citing Long-Term Illness, Mental Health Problems November 14, 2022 By Suban Abdulla The number of people who have dropped out of Britain’s job market since 2019 and who now cite a long-term...
Aon: Business Leaders Say Recession Looms; What Sets Prepared Companies Apart? November 1, 2022 Despite a majority of global business leaders expecting a recession within the next year, many still have a positive outlook...
Bad Driving, Inflation Among Factors Pushing Increase in Auto Loss Ratios October 27, 2022 By Jim Sams US auto insurers are coping with the largest direct loss ratio in 20 years because of factors that include historic...