Near $27B Underwriting Loss in 2022 Largest for U.S. P/C Insurers Since 2011 March 30, 2023 Key financial results for private U.S. property/casualty insurers significantly worsened in 2022 from a year earlier, according to preliminary results...
Moody’s RMS Estimates $5B Insured Losses From Turkey Quake as Costs Keep Mounting February 23, 2023 The economic and insured losses from the earthquakes that hit southern Turkey on Monday, Feb. 6 continue to escalate as...
Insurers See California EV Sales Trends Driving Rate Filing Approval Urgency February 16, 2023 By Don Jergler Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows...
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates February 14, 2023 Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely...
Verisk to Acquire Swedish Claims Insurtech Mavera December 22, 2022 Verisk, the global data analytics provider, has entered into an agreement to acquire Mavera, a Sweden-based insurtech firm that operates...
Verisk: Up to $57B Insured Losses from Hurricane Ian October 3, 2022 By Chad Hemenway Insured losses from Hurricane Ian to onshore property will be between $42 billion and $57 billion, with much of the...
Insurers Should Be Ready for Global Average Disaster Losses of $123 Billion: Verisk September 29, 2022 The global insurance industry should be prepared for insured losses from natural catastrophes well in excess of $100 billion every...
Louisiana Insurance Guaranty Association Tabs Verisk for Streamline Claims Handling August 4, 2022 The Louisiana Insurance Guaranty Association (LIGA) announced it is is streamlining its handling of claims for policyholders of insolvent insurers...
Texas Department of Workers’ Comp Adopts Claim Electronic Data Interchange August 2, 2022 The Texas Department of Insurance, Division of Workers’ Compensation (DWC) adopted the Texas claim EDI release 3.1.4 standard on March...
People Moves: Mann New Verisk CFO; Furlong SVP at Acrisure Re; NFP Hires Michaelson to Energy Practice July 27, 2022 Verisk Names Elizabeth Mann Chief Financial Officer Elizabeth Mann has been named executive vice president and chief financial officer for...