Outlook for US Commercial Insurance Segment ‘Stable’ as Profits Stay Strong: AM Best December 2, 2024 AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly...
Private Equity Tie-Ups With Insurers Create Risks, BOE Says December 2, 2024 By Greg Ritchie, Laura Noonan and Leonard Kehnscherper Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets,...
Cyberattacks Cost UK Businesses £44 Billion During Past 5 Years, Howden Survey November 27, 2024 Cyberattacks cost UK businesses approximately £44 billion (US$55.3 billion) in lost revenue over the past five years, according to research...
Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening November 22, 2024 By L.S. Howard Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk...
Blacks and Hispanics Pay More for Auto Insurance. Study Tries to Answer Why. November 21, 2024 By Andrew G. Simpson A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than...
Modern Cars Are Surveillance Devices on Wheels With Major Privacy Risks: Report November 20, 2024 New research reveals serious privacy flaws in the data practices of new internet connected cars in Australia. It’s yet another...
Bank of Spain Estimates Floods Cost 0.2% of GDP in 4th Quarter November 20, 2024 By Jesús Aguado Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the...
Flood Adaptation Preferable to Post-Disaster Rebuilding – And Helps With Insurability November 19, 2024 By L.S. Howard Economic losses caused by natural catastrophes reached an estimated US$280 billion in 2023, with US$51.6 billion of that total due...
Spain’s Record-Breaking Floods Push Insured Losses Above €4 Billion ($4.2 Billion) November 18, 2024 Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 billion), according to credit rating...
What Is the Latest Science on Climate Change? November 14, 2024 By Gloria Dickie This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures,...