Coronavirus Claims of Estimated €80B Are ‘Manageable’ for Europe’s Insurers: Moody’s July 17, 2020 The coronavirus outbreak has had an adverse, but manageable, impact on the European insurance sector, leading to a drop in...
Hailstorm in June Was One of Canada’s Costliest Thunderstorm-Related Events: Aon July 17, 2020 Canada saw powerful a series of powerful thunderstorms in June, which brought hail greater than the size of tennis balls...
A Look at the 32% of Businesses Located in Hurricane-Vulnerable Counties July 17, 2020 By Andy Hait, U.S. Census Bureau As the 2020 hurricane season gets underway, emergency officials pay attention to the growing share (29%) of the U.S. population...
Report Says COVID-19 Brought to N.Y. Nursing Homes By Infected Staff, Visitors July 16, 2020 By Elizabeth Blosfield A New York State Department of Health (NYSDOH) report says the coronavirus outbreak that has afflicted nursing homes throughout the...
Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz July 16, 2020 Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%,...
Reinsurance Capital Dips 6%, Tightening of Capacity Accelerates: Aon July 16, 2020 By Susanne Sclafane Global reinsurance capital fell 6% to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance...
Insurance Agency and Brokerage M&A Trends to Watch Amid the COVID-19 Pandemic July 16, 2020 By Thomas Trullinger The COVID-19 pandemic has created challenges for many businesses across the globe, including the insurance industry. But so far, the...
The Class of 2020: Capital Raising for Existing Firms or Insurance Startups? July 16, 2020 By Susanne Sclafane Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up...
High-Tide ‘Nuisance’ Flooding to Continue to Grow and Plague U.S. Communities: NOAA July 16, 2020 Coastal communities in the U.S. continued to see record-setting high-tide flooding last year, forcing their residents and visitors to deal...
P/C Insurance Agency M&A Deals Down 12% in First Half of 2020: Optis July 15, 2020 There were 288 announced insurance agency mergers and acquisitions during the first half of 2020, down from 328 in 2019,...