Auto Theft Jumped in 2020 January 27, 2021 By Andrew G. Simpson Auto theft appears to have increased considerably in 2020 compared to 2019, reversing two years of auto theft declines. A...
Consumers Open to Sharing Personal Data with Insurers But Worry About Data Security January 26, 2021 If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers...
European Researchers Turn to AI to Build Better Weather Data January 26, 2021 By Jonathan Tirone European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting...
Nearly Two-Thirds of Global Catastrophe Economic Losses Unaddressed by Insurance January 25, 2021 There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above...
Prioritizing High-Risk Individuals for Vaccines May Not Be Necessary, Research Says January 22, 2021 A new study suggests that prioritizing vaccination of high-risk individuals has only a marginal effect on the number of COVID-19...
Insurance Agency M&A Deals Surged 20% in Year of Pandemic: OPTIS January 20, 2021 There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The...
Business Startups Surged Amid Covid-19 Pandemic January 19, 2021 By Michael Sasso and Steve Matthews The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises....
How Climate Change May Affect Hurricane Risk and Losses: AIR, Brookings, AXIS January 19, 2021 By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or...
Here’s How European Satellites Can Help Predict the Next Weather Disaster January 19, 2021 By Jonathan Tirone Spain began the new year battling Storm Filomena, a once-in-a-generation weather event that blanketed Madrid in snow and paralyzed the...
AM Best, Moody’s Rate Personal Lines Insurance Market Outlook as Stable January 19, 2021 AM Best kept its stable market segment outlook on the U.S. personal lines insurance segment for 2021, citing the segment’s...