Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers August 30, 2024 By L.S. Howard Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re...
What Policies Have Worked to Fight Climate Change? Answer: When the Polluter Pays. August 27, 2024 By Seth Borenstein To figure out what really works when nations try to fight climate change, researchers looked at 1,500 ways countries have...
Frequency of Deadly Hurricanes Has Jumped 300% August 23, 2024 New research indicates that what used to be the 100-year hurricane will now happen every 25 years, according to Deep...
Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments August 22, 2024 New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading...
US Auto Insurers’ Strong Performance to Continue Through 2025: Fitch August 15, 2024 More favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and...
Hard Reinsurance Prices Likely to Last Longer Than in Previous Market Cycles: Report August 15, 2024 By L.S. Howard Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly due to persistently high claims...
McKinsey Sees AI Surge Boosting Consulting Amid Industry Slump August 15, 2024 By Ambereen Choudhury McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of...
Was July 2023 or July 2024 the Hottest Month on Record? Yes. August 14, 2024 By Olivia Rudgard and Eamon Farhat July saw record-breaking heat around the world, including the hottest day ever recorded and multiple national heat records. But whether...
Pandemic Shifted US Jobs Out of Big Cities Into Smaller Metros August 8, 2024 By Jonnelle Marte The pandemic changed where Americans are likely to live and work, with a growing portion of job openings moving away...
Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses August 8, 2024 By L.S. Howard Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year...