Weather Catastrophes Growing in Numbers and Damages But Taking Fewer Lives September 7, 2021 By Seth Borenstein and Jamey Keaten Weather disasters are striking the world four to five times more often and causing seven times more damage than in...
Obstacles to Wider Acceptance of Usage-Based Auto Insurance Remain September 7, 2021 Usage-based personal auto insurance may be drawing ever-increasing attention. Its wider adoption is stymied, however, by customer age and demographics,...
In COVID Automation Boom, Robots and Apps Find Work at Services Firms September 7, 2021 By Matt O'Brien, AP Technology Writer and Paul Wiseman Ask for a roast beef sandwich at an Arby’s drive-thru east of Los Angeles and you may be talking to...
Large Insurers Embrace Digital Exchanges, Selling Their Own and Other Policies September 7, 2021 By Alwyn Scott Major U.S. insurers are joining new digital exchanges to sell not only their own policies but also those of rivals,...
Traffic Deaths Up 10.5% in First Three Months of 2021 September 2, 2021 By David Shepardson New data shows a sustained increase in U.S. traffic deaths that regulators ascribe to impaired driving, speeding, a failure to...
Munich Re Moves Ahead of Swiss Re as Reinsurer With Most GPW: AM Best September 2, 2021 Munich Re replaced Swiss Re as the largest reinsurer in AM Best’s annual ranking of the Top 50 Global Reinsurance...
German Insurers’ 2021 Claims Could Reach €11.5B ($13.6B) After Floods, Hail September 2, 2021 German insurers face claims of about 11.5 billion euros ($13.6 billion) in 2021 after extensive flooding and hail storms, Germany’s...
Society of Actuaries Launches Research Arm September 1, 2021 The Society of Actuaries has launched a research division that promises to develop and fund research that “elevates actuaries as...
Labor Force Participation Rebound Will Take Time: Research August 30, 2021 By Howard Schneider The U.S. Federal Reserve faces a long slog if it hopes for the country’s labor force participation rate to climb...
Global Insurance M&A Drops 3% in 1st Half of 2021: Clyde & Co. Report August 27, 2021 Mergers and acquisitions (M&A) in the global insurance industry dropped 3% in the first half of 2021 with 197 completed...