With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch April 20, 2021 Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face...
P/C Insurers Need to Hike Key Commercial Rates Even More: A.M. Best April 19, 2021 The environment for many of the U.S. property/casualty (P/C) insurers lines remains competitive despite the need for rate increases for...
Auto Insurers Lead 2020 U.S. Property/Casualty Impairments: AM Best April 16, 2021 Seven insurance company impairments were identified in the U.S. property/casualty industry in 2020, with five of the seven involving auto...
Institute Analyzes Impact of California Medical Provider Network Option for Workers April 16, 2021 Legislation intended to increase injured California workers’ access to medical care by requiring the state to create a medical provider...
Risk of COVID-19 Exposure on Airlines Drops when Middle Seats Are Empty: Study April 16, 2021 By Alan Levin and Mary Schlangenstein The risk of being exposed to the COVID-19 virus on an airline flight drops by as much as half when...
UK Space Industry Aims to Remove Dangerous Space Junk from Orbit April 16, 2021 By Thomas Pfeiffer and Thomas Seal A defunct satellite spent early April hurtling through space toward the body of an old rocket, threatening a collision that...
Confidence Among UK CFOs Hits Record High, Helped by Vaccinations, Brexit Hopes April 12, 2021 Confidence among big businesses in Britain about their profits in the year ahead has hit a record high, helped by...
U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch April 12, 2021 Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit...
$1B Insurance Price Tag for U.S. Severe Weather in March (and Other Global Events): Aon April 12, 2021 Multiple U.S. severe weather outbreaks, including tornadoes, hail, and flooding, resulted in losses of more than $1 billion for public...