Profitability Returning to D&O Liability as Rate Hikes Take Hold: Fitch September 25, 2019 After being down, the U.S. directors and officers (D&O) liability insurance sector is looking up. Carriers are raising rates and...
California Commissioner: Data Shows ‘Disturbing’ Disparities in Auto Insurance Discounts September 24, 2019 The California Department of Insurance on Tuesday released data from an investigation showing what the CDI is calling “wide socioeconomic...
Americans Failing to Act on Cyber Risk Concerns, Chubb Survey Finds September 18, 2019 When it comes to cybersecurity, Americans say they are concerned, but many are not taking the preventative steps needed to...
Business Leaders Spend Less Than 1 Day a Year Focusing on Cyber Risk: Marsh Survey September 18, 2019 A majority of busy board members and senior executives, who are responsible for their organization’s cyber risk management, spent less...
California Workers’ Comp Written Premium Falling, Report Shows September 16, 2019 The Workers’ Compensation Bureau of California on Monday its latest quarterly report on insurer experience as of June 30. The...
Insured Losses for Typhoon Faxai Estimated at US$3B-US$7B: AIR Worldwide September 16, 2019 Industry insured losses from Typhoon Faxai, which made landfall in Japan on Sept. 9, will be between 340 billion Japanese...
Climate Change Tops List of World’s ‘Extreme Risks’ September 12, 2019 By Don Jergler Global temperature change, global trade collapse and cyber warfare are the top three “extreme risks” identified in a study from...
Another Hard Market Harbinger: U.S. Commercial Lines Prices Up 4% in Q2 September 12, 2019 In yet another sign of a hardening market, U.S. commercial insurance prices grew at an accelerated rate compared to a...
Report: $221B in Western U.S. Homes at Extreme Risk of Wildfire Damage September 12, 2019 By Don Jergler Nearly 776,000 homes with a reconstruction cost value of more than $221 billion are at extreme risk of wildfire damage,...
Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter September 10, 2019 By Susanne Sclafane Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out...