Overall U.S. Traffic Is Down 16% for Year August 21, 2020 Travel on all U.S. roads and streets for 2020 is down by 264.2 billion vehicle miles, or 16.6%, according to...
S&P Says Underwriting in Lloyd’s Market Continues to Improve August 21, 2020 The Lloyd’s market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there...
Drug Costs for COVID-19 Patients in U.S. Hospitals Drop But May Rise Again August 20, 2020 By Chad Terhune Medication costs for COVID-19 patients hospitalized in the United States have dropped sharply since May, reflecting advances in treatment, shorter...
Report: COVID-19 Workers’ Comp Claims on The Rise in California August 19, 2020 The number of California workers’ compensation claims for COVID-19 continues to climb, according to a new report compiled by the...
Auto Insurance Shopping Rebounds After Dropping During Spring August 18, 2020 Auto insurance shopping and new business growth rebounded in May and June after a drop in late March and early...
Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties August 17, 2020 Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals...
Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re August 12, 2020 Global insured property losses from disasters were US$31 billion in the first half of 2020, up from US$23 billion during...
Australia Detains Cargo Ships for Alleged Labor Violations Related to COVID Lockdowns August 12, 2020 By Aaron Clark, Krystal Chia and Jinshan Hong Australian authorities detained at least two cargo ships for alleged labor violations related to demands from seafarers to be sent...
Companies Risk Losing More Than 40% of Annual Profit on Supply Chain Shocks: McKinsey August 11, 2020 By Brendan Murray Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber...
Insured Losses for Europe’s Storm Sabine (aka Ciara/Elsa) Estimated at €1.6B: PERILS August 11, 2020 The industry loss footprint for extratropical cyclone “Sabine” – also known as “Ciara” and “Elsa” – is estimated at €1.61...