Swiss Re: Hurricanes, Severe Thunderstorms and Floods Put Insured Losses Over $100B Again Insured losses from natural catastrophes are on track to exceed $135 billion in 2024, with at least two-thirds of this... Read More
Thousands of Homes Face ‘Triple Threat’ Risks, CoreLogic Says Thousands of homes are facing a “triple threat” of year-round extreme risk from natural disasters, according to a new report.... Read More
After Tens of Billions in Insured Losses, Record-Breaking Hurricane Season Ends The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record,... Read More
AI Used for Good and Bad — Like Making Trickier Malware, Says Report While the insurance industry is quickly adopting AI technologies to improve the speed and accuracy of routine functions, analyze data... Read More
Disney Settles Suit Over Women’s Pay for $43 Million Walt Disney agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150... Read More
Allianz Offers 5 Loss Trends to Watch on the Liability Front As the costs of nuclear and thermonuclear verdicts explode in the U.S., organizations are examining ways to predict, prevent and... Read More
AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’ Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to... Read More
Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk... Read More
Florida Citizens’ Brass Tired of ‘Clickbait’ News on its Hurricane Claims Denials Officials with Florida’s Citizens Property Insurance Corp. took issue Thursday with a number of national and Florida news reports that... Read More
Changing the Focus of Claims, Data When Talking About Nuclear Verdicts The topic of nuclear verdicts took center stage at this year’s Target Markets Annual Summit in Scottsdale, Arizona, where a... Read More