Many Business Leaders Feel Unprepared for Growing Geopolitical Risks, Inflation June 14, 2022 By L.S. Howard Many business leaders feel unprepared for growing geopolitical risks and inflation, according to a report published by Beazley. “Across the...
U.S. Consumer Spending Beats Expectations in April; Inflation Likely Peaked May 27, 2022 By Lucia Mutikani U.S. consumer spending rose more than expected in April, while annual inflation appeared to have peaked, which could help to...
Memo to Brokers: Stick With Loyal Insurers/MGAs, Price Isn’t the Only Differentiator May 23, 2022 By L.S. Howard Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model...
Powell Says Fed Will Fix Inflation, Calls Price Stability ‘Bedrock’ of Economy May 13, 2022 By Howard Schneider Calling stable prices the “bedrock” of the economy, Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank’s...
Inflation, Ukraine War Seen as Chief Financial Risks May 10, 2022 By Howard Schneider High inflation, volatility in stock and commodity markets and the war in Ukraine have emerged as the chief risks to...
Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation May 6, 2022 By Chad Hemenway Rate increases in Allstate’s auto insurance business are in integral part of the insurer’s overall plan to address the impact...
Small Businesses Are Burning Out: Survey April 21, 2022 According to a recent survey by Next Insurance, small businesses are feeling stressed and frustrated by the state of the...
Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Mkt Profits April 21, 2022 The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price...
UK CFOs Expect High Inflation to Cut Profit Margins: Deloitte Survey April 19, 2022 By David Milliken More than seven out of 10 chief financial officers (CFOs) at Britain’s biggest companies expect high inflation to reduce their...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best April 5, 2022 The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact...