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Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils
May 19 2025 // Global insured losses from natural catastrophes hit $137 billion in 2024, following the 5%-7% annual growth rate that has been the norm in recent years, according to Swiss Re analysis. If this trend continues, global...
New Report Shows Rise in Cargo Theft, With Three States Leading the Way
May 19 2025 // Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making up the bulk of losses, a new report shows. Multimodal hubs in California, Texas, as well as around Chicago, continue to be top...
Swiss Re Profits Up Despite Losses from California Wildfires
May 16 2025 // Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive performance across the business. Net income increased to $1.3 billion from $1.1 billion a year earlier,...
Sedgwick Experts Outline Key Workers’ Comp Claims Trends
May 16 2025 // Two experts from risk and claims administration partner Sedgwick outlined a few key workers’ compensation trends worth paying attention to today. The topics were based on Sedgwick data and primarily related to the...
2024 P/C Insurance Combined Ratio Best in More Than a Decade
May 15 2025 // With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry’s aggregate 2024 combined ratio was 96.5—marking the lowest figure since...
Report: California Workers’ Comp Combined Ratio Highest in 14 Years
May 14 2025 // Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows. The Workers’ Compensation...
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