Research and Trends News

Insurers’ LNG Support at Odds With Their Climate Ambition, Report Says

The underwriting of liquefied natural gas (LNG) capacity in the US by major global insurers is at odds with their climate ambition, according to a report from activist groups including Public Citizen and Rainforest Action Network. Chubb, American International Group …

P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best

Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a relatively benign year for P&I claims in 2023, according to a report from AM Best. The …

Flying Got Safer Last Year Almost Everywhere Except Russia

Flying further improved its safety record last year, extending a long-term trend that’s set to continue despite quality lapses at Boeing Co. and maintenance setbacks in Russia, where sanctions have put decades of progress at risk. There were 124 fatalities …

Remote Workers Often First to Get Laid Off Despite Legal Risk

Remote workers are more likely to be laid off or miss out on promotion opportunities than their peers who work in the office or in hybrid environments, potentially exposing employers to costly discrimination lawsuits. A January survey from Live Data …

Hamas-Linked Hackers Targeted Israeli Engineers Ahead of Oct. 7 Massacre: Research

A pro-Palestinian hacking group targeted Israeli software engineers as part of an attempt to dupe them into downloading malware weeks before the Oct. 7 massacre, according to findings from cybersecurity researchers at Alphabet Inc.’s Google. The attack, dubbed Blackatom, was …

Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best

Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. For reinsurers, a relatively stable economic environment in 2023, a long run of …

Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%

The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines office release by the Wholesale & Specialty Insurance Association (WSIA). 2023 premiums reflected a 14.6% …

Migratory Animals in Peril From Overhunting, Habitat Loss: UN Report

Every year, mammals, birds, fish and insects make epic migrations between habitats. The humpback whale, famously, can travel 5,000 miles in a trip. But because these animals cross national borders and frequently congregate at predictable way stops, they are uniquely …

January Was World’s Hottest on Record: EU Scientists

The world just experienced its hottest January on record, continuing a run of exceptional heat fueled by climate change, the European Union’s Copernicus Climate Change Service (C3S) said on Thursday. Last month surpassed the previous warmest January, which occurred in …

West Coast Insurers Warned of Billions in Losses Over Climate-Linked Investments

A new report warns insurance companies could face billions of dollars in losses if they stay on the current course of investments that contribute to climate change, at “a scale exceeding some of the worst wildfires in California’s history.” The …