Buyers’ Market Prevails During April Renewals as Reinsurers Seek Growth April 5, 2024 Brokers Aon and Gallagher Re described a buyers’ reinsurance market for the April 1, 2024 property and specialty renewals as...
Weather Forecasters Predict ‘Extremely Active’ 2024 Atlantic Hurricane Season April 4, 2024 By Erwin Seba Weather forecasters at Colorado State University (CSU) on Thursday predicted an “extremely active” 2024 Atlantic hurricane season because of warm...
US D&O Insurance Segment’s Improved Results Unlikely to Be Sustainable: Fitch April 4, 2024 By L.S. Howard The U.S. directors and officers (D&O) liability insurance segment’s strong underwriting profit of 2023 is unlikely to be sustainable, according...
Majority of CO2 Emissions Linked to Just 57 Producers: Report April 4, 2024 By Kate Abnett and Riham Alkousaa The vast majority of planet-warming carbon dioxide emissions since 2016 can be traced to a group of 57 fossil fuel...
US Home Insurance Premiums May Hit a Record This Year, Report Warns April 1, 2024 By Coco Liu US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states...
Fires From 2023, Smoldering Under Snow, Reveal Canada’s Dangerous New Reality March 27, 2024 By Thomas Seal and Robert Tuttle As skiers glide down the slopes of British Columbia’s Whistler Mountain and ice fishers drop their lines into frozen lakes...
UK Stands to Lose 8 Million Jobs From AI, Analysis Warns March 27, 2024 By Irina Anghel As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
2023 Underwriting Losses Improve but Persist in US P/C Industry March 26, 2024 By Allen Laman and Susanne Sclafane The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM...
North Korean Hackers Stalk Crypto Startups Scrimping on Security March 25, 2024 By Anna Irrera and Olga Kharif It’s every cryptocurrency project’s nightmare: Well-resourced hackers — perhaps backed by a rogue state like North Korea — strike out...