Extreme Weather in 2024 Forced Biggest Displacement of People in 16 Years March 19, 2025 By Aaron Clark Extreme weather last year including typhoons, heatwaves and flooding led to the biggest displacement of people since 2008, and exacerbated...
US Property/Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals March 14, 2025 By L.S. Howard Reinsurance renewal rates continued dropping during this year’s January renewals, but US property/catastrophe reinsurance pricing is likely to stabilize during...
Europe’s Winter Storms Will Get Worse as Emissions Rise, Study Says March 14, 2025 By Joe Wertz Global carbon emissions are amplifying a North Atlantic wind pattern that drives northern Europe’s biggest winter storms, new research shows....
North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits March 13, 2025 By L.S. Howard The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea...
UK Corporate Distress at Level Last Seen Post-COVID, Report Says March 13, 2025 By Edward Clark Distress among UK companies has risen for a third consecutive year, to its highest level since the onset of the...
Berkshire, Progressive Are Underwriting Profit Leaders; Industry Sets Income Record March 12, 2025 By Susanne Sclafane S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for...
Most Execs Feel More Stressed at Start of 2025 Than 2024: Sentry March 11, 2025 More than two-thirds of executives polled in a recent survey reported feeling more stressed at the beginning of 2025 than...
Report Cites Increase in Worker Fatalities Across New York March 7, 2025 New York State experienced 74 worker deaths in 2023, a 48% increase over 2022’s 50 deaths, according to an annual...
Maryland Wildfire Damage Less Extensive in 2024 Despite Severe Fall Fire Weather March 7, 2025 The number of wildfires in Maryland during 2024 was much higher than the ten-year average, but acreage burned was significantly...
Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming February 28, 2025 By L.S. Howard Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season – despite concerns about adverse...