75% of Independent Agencies Report Revenue Gains From 2022-23 September 27, 2024 Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency...
Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods September 25, 2024 By L.S. Howard The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in...
Climate Change Made Europe’s Deadly Floods Worse and More Likely September 25, 2024 By Olivia Rudgard and Eamon Akil Farhat Record rainfall leading to flooding that killed 24 people in Europe earlier in September was twice as likely due to...
Methane Emissions Still Rising After Pledges to Curb Pollution September 23, 2024 By Aaron Clark Methane releases from some of the world’s major fossil fuel hubs are continuing to rise, as key polluters make little...
Moody’s, Amwins Expect Continued Cyber Market Growth September 12, 2024 By Allen Laman Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future....
US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report September 11, 2024 By L.S. Howard Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100...
Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds September 11, 2024 By Matthew Griffin Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a...
Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains September 4, 2024 By L.S. Howard Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand,...
Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives September 4, 2024 By Natasha White As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a...
Global Non-Life Reinsurer’s Profits to Peak in 2024: Fitch Ratings September 3, 2024 By Susanne Sclafane Fitch Ratings published midyear underwriting results for 19 non-life reinsurers, finding that the group’s average first-half 2024 combined ratio was...