News
Global Property Catastrophe Rates-on-Line Down 6.6% During Renewals: Guy Carpenter
Guy Carpenter reports that average global and regional property catastrophe rates-on-line decreased during the January 2025 renewals in amounts ranging from 5.3 percent to 7.2 percent. Guy Carpenter ...
Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing
Moody's Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a ...
NWS Preliminary Estimate for 2024: More Than 5,300 Hail Events, 1,855 Tornadoes
Last year was eventful for weather in the United States, according to preliminary figures compiled by the National Weather Service. There were 1,855 documented tornadoes with an estimated 82 of them ...
FAA Enhanced Oversight of Boeing After Door Panel Incident Will Continue
The Federal Aviation Administration's tougher oversight of Boeing will continue indefinitely, the agency's outgoing head said on Friday, nearly a year after a door panel missing four key bolts flew ...
Tesla Data Helped Police After Las Vegas Truck Explosion, But Privacy Concerns Remain
Your car is spying on you. That is one takeaway from the fast, detailed data that Tesla collected on the driver of one of its Cybertrucks that exploded in Las Vegas earlier this week. Privacy data ...
Fairfax Insurance Group Names Young as President, Barnard as Chair
Fairfax Financial Holdings Limited announced that Brian Young has been named president of Fairfax Insurance Group, succeeding Andrew Barnard. Barnard, who has been ...
EVs, Nuclear and Forever Chemicals: Climate Predictions for 2025
From record solar installations to rising electric vehicle sales, the world is in many ways ramping up the fight against global warming. Yet there are coal-black swans waiting to disrupt the green ...
U.S. Insurance Deals Outlook: More, More, More
In mid-December, PwC tallied a surge in M&A deals in the U.S. insurance industry in the second half of 2024, and predicted an active year in 2025 with brokerage and MGA deals leading the way. ...