Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon July 24, 2020 By L.S. Howard Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during...
Half of Insurance Agencies Lack a Digital Strategy, Applied Systems Survey Finds July 23, 2020 A little more than half (51%) of independent insurance agencies and brokerages say they have some sort of digital strategy...
Traffic Down 25%, Motor Vehicle Fatalities Down 8% in May During Lockdowns July 23, 2020 By Andrew G. Simpson Preliminary estimates indicate that deaths from motor vehicle accidents fell in May but the death rate per miles driven jumped...
U.S. Cyber Insurers Face Changing Landscape; Top 20 Cyber Insurers July 22, 2020 Cyber insurers have been enjoying a profitable run for several years but are now facing a changed risk landscape with...
January’s Hailstorms in Australia Cost Insurers an Estimated A$1.8B (US$1.3B): PERILS July 21, 2020 The industry loss footprint for the January 2020 Australian hailstorms, which occurred Jan. 19-21, 2020, are estimated at A$1.8 billion...
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%,...