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Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises
Apr 26 2024 // Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims Report, released this week, cybercrime is “a thriving business that adversely impacts”...
Viewpoint: Insurance Sector Adopts Easy-to-Use Technology for Digital Transformations
Apr 25 2024 // Upgrading or changing legacy platforms and enterprise software can be a nightmare to disentangle, particularly when dealing with existing operating systems, data storage, and payment processing software. When planning an...
Berkley CEO: Property E&S Momentum Slows but ‘Some More Hay’ to Be Made
Apr 24 2024 // When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addressing some talk that has...
Global Insurance Prices Continue Moderating as Rates Decline in Most Regions: Marsh
Apr 24 2024 // Global commercial insurance rates increased by 1% on average in the first quarter of 2024, compared with a 2% increase in Q4 2023, according to the Global Insurance Market Index published by Marsh, the insurance brokerage...
OPTIS: Insurance Agency M&A Down 18% in Q1 2024
Apr 23 2024 // The first quarter of 2024 was the slowest for insurance agency mergers and acquisitions since the middle of the pandemic, according to investment banking and financial firm OPTIS Partners. OPTIS Partners’ M&A...
Poll: Climate Change Concerns Grow, but Few Believe Biden’s Climate Law Will Help
Apr 23 2024 // A poll from the Associated Press-NORC Center for Public Affairs Research shows 45% of U.S. adults say they have become more concerned about climate change over the past year (six-in-10 Democrats and one-quarter of...
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