Somali Piracy Revives Sharply After Years of Quiet July 22, 2024 By Eleanor Thornber Somali piracy — the scourge of merchant shipping more than a decade ago — has had a resurgence this year,...
Tesla’s California Car Registrations Fall for Third Straight Quarter July 19, 2024 By Akash Sriram and Hyunjoo Jin Registrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that...
Study Urges Rethinking of Disaster Management in Era of Compounding Events July 18, 2024 By Allen Laman A new report warns that compounding natural disasters introduce new, interconnected, and complex risk scenarios — and points to a...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re July 18, 2024 By L.S. Howard Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...
Parametric Insurance Helps Farmers and Others Hit Hard by Extreme Weather July 15, 2024 By Bill Spindle, Cipher News Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed...
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. July 12, 2024 By L.S. Howard Catastrophic events, such as major hurricanes and the Sept. 11 terrorist attacks, traditionally have led to hard markets that in...
Conning Study: MGA Market Still Growing July 12, 2024 A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023,...
Global Reserve Managers Upbeat on Growth but Worry About Geopolitical Risks July 11, 2024 An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who...
Earth Continues Streak of Record-Shattering Hot Months July 9, 2024 By Seth Borenstein Earth’s more than year-long streak of record-shattering hot months kept on simmering through June, according to the European climate service...
Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance July 8, 2024 By Andrew G. Simpson Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums,...