Industry News
Africa Specialty Risks Gets ‘In Principle’ Approval to Launch Syndicate in 2024
Africa Specialty Risks (ASR), a pan-African focused insurance and reinsurance group, has received "in-principle" approval to launch a Lloyd's syndicate in 2024. The syndicate will be launched in ...
AM Best Maintains Stable Outlook for U.S. Property/Casualty Commercial Lines
Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its "stable" ...
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says
Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance. Hail was the costliest category for insurance claims ...
U.S. P/C Carriers Post $32B Underwriting Loss for First Nine Months: AM Best
The U.S. property/casualty industry recorded a $32.2 billion net underwriting loss in the first nine months of 2023, $7.6 billion worse than the underwriting loss posted in the same prior-year ...
Humanity on Verge of 5 Climate Tipping Points, Report Warns
Five major global "tipping points" are in danger of being crossed at current levels of warming, a new study warns, leaving humanity at an inflection point between two potential futures. An ...
Studies: Multiple Factors Behind Poor Recovery in Workers Comp Patients Post-Lumbar Spine Surgery
Worker's compensation (WC) patients undergoing lumbar spine surgery fare worse post-surgery than other patients undergoing the same procedures, according to two studies published in the Journal of ...
Tech Bytes: New Partnerships at Verisk, INSTANDA, bolttech
Verisk, a global data analytics and technology provider, has expanded its collaboration with the National Fire Protection Association to provide wildfire risk and mitigation data from its Firewise ...
Florida Commish, NAMIC Push Back on Federal Climate Change Data Call
Florida's insurance commissioner and the National Association of Mutual Insurance Companies are pushing back against a plan by the U.S. Treasury to collect data from insurers on risks from climate ...
As Homeowners Face Mounting Disasters, Reality TV Wants to Help
Television networks are tapping into a mounting challenge affecting many U.S. homeowners: rebuilding after disasters.
Rachael Ray — the ...