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...
Removing US Subsidies Curbed Building in Climate Risk Zones, Study Finds August 6, 2024 By Leslie Kaufman The US Congress passed the Coastal Barrier Resources Act in 1982 to preserve relatively undeveloped waterfront areas as natural buffer...
Howden to Acquire Allianz UK’s Musical Insurance Book August 1, 2024 Howden, the global insurance intermediary group, today announces that it has agreed to acquire the Musical Insurance book from Allianz...
Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the...
AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 July 29, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in...