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...
As Homeowners Rebuild After Ian, a Cooling New Housing Market Drops Material Costs October 20, 2022 By Allen Laman If Hurricane Ian would have made landfall in Florida, say, six months ago, the costs of reconstruction could have been...
Ride-Hailing Firm Lyft Hikes Service Fee for Rides as Insurance Costs Rise October 18, 2022 By Nivedita Balu Lyft Inc. is increasing the service fee its U.S. riders pay directly to the company to cover higher insurance costs,...
The Future of P/C Underwriting: Shifting From Innovation to Operational Efficiency October 13, 2022 By Ezra Amacher With rising inflation and the prospects of a recession on the horizon, the present macroeconomic environment is forcing property/casualty underwriters...
‘Hardening’ Property Catastrophe Market Enters ‘Hard’ Market Phase: Bank of America October 12, 2022 By L.S. Howard European reinsurers will miss their earnings targets in 2022 – for the sixth year in a row – which is...
UK Insurers, Banks Told to Do More to Help Customers Struggling With Cost of Living September 29, 2022 By Huw Jones Britain’s Financial Conduct Authority (FCA) told banks and insurers on Thursday to do more to help customers struggling with a...