Triple-I: Insurance Economic Drivers Outperform Overall US GDP April 17, 2024 The economic drivers of the U.S. property/casualty (P/C) insurance industry are growing faster than the nation’s Gross Domestic Product (GDP)...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023 April 16, 2024 The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium...
Inflation Continues to Increase Insured Property Exposures Globally: PERILS April 16, 2024 Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at...
Australia’s Weather Bureau Says El Niño Has Ended, Unsure About La Niña Formation April 16, 2024 An El Niño weather event has ended, Australian weather authorities said on Tuesday, adding that they were uncertain if a...
UK Home, Business Property Insurance Payouts Hit $6B in 2023 April 15, 2024 By Carolyn Cohn Britain’s homes and businesses received 4.86 billion pounds ($6.07 billion) in property insurance payouts in 2023, up 18% from a...
Travelers Survey: Distracted Drivers Making US Roads More Dangerous April 12, 2024 Nearly 80% of respondents to a recent Travelers survey said inattentive driving is more of a problem now than it...
Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses April 11, 2024 By L.S. Howard Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of...
Europe’s Wildfires in 2023 Were Among Worst This Century: Report April 11, 2024 The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published...
National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023 April 10, 2024 It was another record-breaking year for vehicle thefts in 2023, with more than one million vehicles reported stolen – an...
Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair: Report April 9, 2024 By Don Jergler New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more...