The natural burst of El Nino warming that changes weather worldwide is far costlier with longer-lasting expenses than experts had thought, averaging trillions of dollars in damage, a new study found.
Author: Annie George
Dozens of Car Models Tied to Potentially Explosive Air-Bag Part: WSJ
Regulators have demanded recall of 67 million inflators, with Chevrolet, Ford, VW and Hyundai among 15 brands that could be affected.
LexisNexis: Record High Shopping Activity Continues for Auto Insurance
New policy growth, or the rate at which consumers either switched or purchased new coverage, continues to be a big story, according to LexisNexis.
Reinsurance Market Grappling with Cat Losses, Capital Unwinding: Swiss Re
In a challenging market environment, the reinsurance industry is grappling with significant hurdles as catastrophe losses surge and the reliance on external capital becomes increasingly vulnerable.
2023 P/C Market Survey Shows Signs of Stabilization in Cyber, With Spike in Commercial Property Premiums
Commercial property premiums spiked by 20.4% in Q1 2023, which is the first time since 2001 that this line experienced an increase of over 20%.
Increased Capacity, Declining Demand Lead to Softer Pricing for D&O Insurance Segment
The U.S. D&O insurance market stabilized toward the end of 2022, as pricing increases moderated and renewal pricing was flat on average, according to new AM Best special report.
Orion180 Places $455M Reinsurance Arrangement
Amid hard market, backstop supports aggressive growth strategy in Southeast personal lines markets.
Deutsche Bank to Pay $75M to Settle Lawsuit by Epstein Accusers
Deutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking.
Markel Corporation to Change Name to Markel Group Inc.
Markel Corporation announced today that it will change its name to Markel Group Inc. on Friday, May 26.
Montana Becomes First State to Ban TikTok
Montana has become the first state to ban TikTok after Gov. Greg Gianforte signed legislation into law Wednesday to restrict downloads of the social media app.