Only 38% of 2021’s Natural Disaster Losses of $343B Were Covered by Insurance: Aon January 26, 2022 By L.S. Howard Natural disasters cost global economies a total of $343 billion in 2021, compared with $297 billion in 2020, according to...
U.S. Surplus Lines Premium Up 22% in 2021 January 26, 2022 Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated...
Regional Cyber Conflicts Could Lead to Infrastructure Attacks in 2022: CyberCube January 25, 2022 Three regional cyber conflicts could lead to infrastructure attacks and damaging cyber espionage in 2022, a new report from cyber...
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch January 19, 2022 Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during...
Number of Insurance Agency M&As Rose 30% in 2021: OPTIS Partners January 19, 2022 There were 1,034 announced insurance agency mergers and acquisitions in 2021, up 30% from 795 reported in 2020, according to...
UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey January 19, 2022 The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5%...
Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz January 18, 2022 A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three...
Canada’s Insured Catastrophe Losses Exceed C$2 Billion in 2021: CatIQ January 14, 2022 Canada’s total insured catastrophe losses were C$2.04 billion (US$1.63 billion) to date, landing the year in the top five loss...
Workplace Class Action Payouts Unexpectedly Grew During Pandemic in 2021 January 14, 2022 The cost of settling workplace class-action lawsuits reached a record high in 2021, defying expectations that the COVID-19 pandemic would...
‘Cybersecurity Failure’ Named a Critical Global Threat in WEF Survey Report January 13, 2022 By L.S. Howard “Cybersecurity failure” was identified as a critical short-and-medium-term threat to the world by respondents of the World Economic Forum’s Global...