What to Expect: WTW Spring Commercial Insurance Forecasts Mixed May 3, 2023 In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for...
MGAs, DUAEs Sparked Double-Digit Growth in 2022 U.S. Premiums: AM Best May 3, 2023 Direct premium written through the delegated underwriting authority enterprises (DUAE) market in the United States continued its significant growth rate...
Scientists Probe Sudden Spike in Ocean Temperatures May 2, 2023 By Seth Borenstein The world’s oceans have suddenly spiked much hotter and well above record levels in the last few weeks, with scientists...
Wait ‘Til Next Year: Auto Profit Unlikely to Return in 2023: S&P May 2, 2023 In spite of continued actions to raise prices of coverage, auto loss cost continue to climb and profits will continue...
Economic and Cyber Risks Lead Global D&O Concerns: Survey May 2, 2023 By Denise Johnson At the top of increasing concerns for directors and officers around the globe are economic, geopolitical and cyber risks, according...
Insured Losses for Southeast Australia Floods of October 2022 Rise to A$907M: PERILS April 28, 2023 Insured losses for floods that hit Southeast Australia in October 2022 have risen to A$907 million (US$600.2 million), according to...
Mental Ill Health Drives Britain’s Crisis of Worker Sickness: Research April 28, 2023 Mental ill-health is now the main cause of sickness absence from work in the UK, costing employers billions of pounds...
Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh April 27, 2023 Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11%, compared to...
Hybrid-Work Environments Are Becoming More Inclusive for Women: Deloitte April 27, 2023 By Ella Ceron After three years of trial and error, hybrid-work environments are finally becoming more inclusive. The number of women who reported...
Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon April 17, 2023 Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to...