Personal Lines
Mitigation Efforts Won’t Stop Cyber Damage and Related Rate Hikes in 2022
As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch ...
Underwriting Wildfire Risk
The 2021 California wildfire season continued the worrying trend of more extreme fires than the historical norm. As of December 12, 8,786 wildfires had destroyed over 2.5 million acres, about 1 ...
8 Substances Added to Report on Carcinogens
Eight substances have been added to the Report on Carcinogens, bringing the total list to 256 substances that are known or reasonably anticipated to cause cancer in humans. These include a chronic ...
P/C Insurers Less Bullish on Telematics: WTW Analytics Survey
Although property/casualty insurance carrier executives and technical professionals remain bullish on the prospect that advanced analytics can enhance growth and bottom-line performance, ...
U.S. Motor Vehicle Travel in October Up 7.1% Over 2020
U.S. motorists drove 7.1 percent more miles in October over the same month last year as people returned to offices and resumed leisure trips, but the distance was off slightly from pre-pandemic ...
U.S. Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry's 2021 bill for weather-related claims well above the predicted $105 billion, industry ...
Florida’s Citizens Seeks Maximum Rate Hike for Homeowners
The board of governors for Citizens Property Insurance Corp., Florida's state-backed insurer of last resort, wants the maximum allowed rate increased – 11 percent for next year and 12 percent for ...
Record Rainfall, Floods Across Globe Generated Billions in Economic Damages in November: Aon
November was a wet month in many countries across the globe, with heavy rains and flooding causing billions of dollars of economic losses, according to Aon's monthly Global Catastrophe Recap report, ...