Manufacturing’s Share of Workers’ Comp Premium Is High Relative to Exposure: NCCI May 15, 2017 By Stephanie K. Jones In 2016 in the United States, the manufacturing sector produced nearly 72 percent more goods than in 1990, but manufacturers...
Medical Professional Insurance Market in Good Health for Now: A.M. Best May 12, 2017 The U.S. medical professional liability (MPL) insurance sector is stable, with strong capitalization and profitable, albeit declining, operating performance, plus...
Bermuda Re/Insurers Hit by Ogden Rate Change, Higher Nat Cats: S&P May 12, 2017 A big change in the Ogden rate in the UK and higher natural catastrophe losses are dampening a wide range...
Experts Expect Simultaneous Cyber Attacks on Multiple Firms: Survey May 12, 2017 Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on...
TRIP: Oklahoma’s Deteriorating Roads, Bridges Cost Motorists $5B May 11, 2017 A national transportation research group says deteriorated and congested roads and bridges in Oklahoma cost the state’s motorists $5 billion...
Insurance Sector Set to Overtake Banking in Switzerland May 11, 2017 By Joshua Franklin Switzerland’s financial center is in the midst of a power shift. The Alpine country’s less fashionable insurers, long overshadowed by...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance May 10, 2017 By Oliver Suess For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping...
U.S. Weather Remains Biggest Driver of Global Insurance Losses in 2017: Aon May 10, 2017 Severe weather in the U.S. remains the largest contributor to global insurance losses in 2017 after April continued the trend...
How P/C Insurers Fared in 2016 May 9, 2017 Private U.S. property/casualty insurers lost big in 2016, reporting a $4.7 billion net underwriting loss driven, in part, by significantly...
Australia’s Cyclone Debbie Estimated to Cost Insurers US$825.7M: PERILS May 9, 2017 The initial estimate of insured property market losses for Cyclone Debbie is A$1.12 billion (US$825.7 million), according to PERILS, the...