UK Insurance Claims from Storms Ciara and Dennis Estimated at US$473.7M March 9, 2020 Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £363 million (US$...
Businesses Face Higher Cyber Risks via Mobile Devices – But Few Take Precautions March 5, 2020 By Joyce M. Rosenberg Although businesses are increasingly at risk for cyber attacks on their mobile devices, many aren’t taking steps to protect smartphones...
Insured Property Losses for Australia’s January Hailstorms Hit A$670M: PERILS March 4, 2020 The initial insured property losses for January’s hailstorms in Australia are estimated at A$670 million (US$746.7 million), according to PERILS,...
Direct Sales of Small Business Insurance Poised to Grow to $12B by 2025: Novarica March 4, 2020 Over the past decade, selling small commercial insurance directly online to customers has gone from an outlandish idea to a...
D&O Insurers Urged to Adjust Rates, Underwriting for Risky Environment March 4, 2020 Directors and officers liability insurance has gotten trickier and will confront major new challenges over the next few years. Continued...
Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus March 3, 2020 The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S....
Homes in Flood Plains May Be Overvalued by $34 Billion March 3, 2020 By Eric Roston At least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion. New research...
Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s March 2, 2020 Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through...
Financial Services Firms Risk $1 Trillion in Losses from Climate Change: Report February 24, 2020 By Iain Withers The world’s financial services sector risks losses of up to $1 trillion if it fails to respond quickly to climate...
Examining the Higher Death Rate for Older Workers: Viewpoint February 21, 2020 By Justin Fox, Bloomberg Opinion U.S. workplaces have gotten a lot safer over the course of the past century. In 1913, the Bureau of Labor...