Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels December 10, 2024 By Gautam Naik Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums...
Global Temperature Set to Surpass 1.5C Threshold in Hottest Year on Record December 9, 2024 By Olivia Rudgard This year is “effectively certain” to be the warmest on record with temperatures climbing above a closely watched threshold for...
UK Issues Red Warning as Storm Darragh Brings Hurricane-Strength Winds December 6, 2024 By William Mathis and Eamon Akil Farhat Storm Darragh has triggered a red weather warning for the west coast of Wales and the Bristol Channel on Saturday,...
Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re December 6, 2024 By L.S. Howard Estimated insured losses from natural catastrophes are on track to surpass US$100 billion in 2024 – for the fifth consecutive...
Ivans Index Shows Most Commercial Lines Renewal Rates Up in November December 5, 2024 Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October...
AM Best Revises Outlook for US Personal Lines Insurance Segment to ‘Stable’ December 2, 2024 AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing...
Outlook for US Commercial Insurance Segment ‘Stable’ as Profits Stay Strong: AM Best December 2, 2024 AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly...
Private Equity Tie-Ups With Insurers Create Risks, BOE Says December 2, 2024 By Greg Ritchie, Laura Noonan and Leonard Kehnscherper Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets,...
Cyberattacks Cost UK Businesses £44 Billion During Past 5 Years, Howden Survey November 27, 2024 Cyberattacks cost UK businesses approximately £44 billion (US$55.3 billion) in lost revenue over the past five years, according to research...
Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening November 22, 2024 By L.S. Howard Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk...