Floods, Other Major Climate Events Cost U.S. $46 Billion, 138 Lives in 2016 January 10, 2017 During 2016, the United States experienced 15 weather and climate disasters with insured and uninsured losses exceeding $1 billion each...
Today’s Insurance Agency E&O Costs, Coverage and Claims January 10, 2017 By Andrea Wells Independent agency owners spend their entire careers worrying about the risks and exposures of others. Managing the risks of their...
Unfettered EU Access Must Be Priority of Brexit Talks: Report January 10, 2017 By Huw Jones Britain’s financial services sector must keep its unfettered access to the European Union’s single market after Brexit given that available...
Is Soft Market Bottoming? A.M. Best Points to Some Promising Signs January 10, 2017 By L.S. Howard Some observers believe the bottom of the reinsurance market may be in sight because brokers are having greater difficulty filling...
California Report Shows Lower Bay Area Workers’ Comp Claims Costs January 9, 2017 A report out today shows that San Francisco Bay Area residents account for 17.5 percent of California job injury claims...
Decline in Reinsurance Prices Slowed at January Renewal: Carpenter January 6, 2017 Reinsurance pricing continued trending downward at the Jan. 1, 2017 renewal — across most classes of business and geographies, but...
How to Gain ‘Digital Trust’ of Employees in Age of Internet of Things January 5, 2017 Employers will need to accept tradeoffs to foster “digital trust” with employees if they want to gather the workplace data...
New Hurricane Research Looks Like Good News for Atlantic Coast January 5, 2017 Active Atlantic hurricane periods, like the one now, are not necessarily a harbinger of more, rapidly intensifying hurricanes along the...
Global Natural Catastrophes Cost Insurers $50B in 2016: Munich Re January 4, 2017 Insurers paid out around $50 billion for natural disaster claims last year, almost double 2015’s payout of $27 billion, reinsurer...
Reinsurers Can Expect Another Difficult Year, Seeking Price Stabilization: Willis Re January 3, 2017 Despite a 50 percent increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results...