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Rising exposure values, climate change, and urbanization drive continued growth in catastrophe costs as insurance industry prepares for potential record-breaking loss scenarios: Swiss Re.
The Massachusetts Supreme Judicial Court ruled that a man who contracted COVID-19 while working as a utility lineman was entitled to receive workers’ compensation benefits.
Severe weather risks highlight critical need for enhanced stress testing by insurers, especially regional insurers: AM Best.
Transformational mega-deals reshape industry landscape as transaction volume increases 5% over previous year, MarshBerry reports.
The latest people news in the industry today.
Deloitte report reveals how multimodal AI technologies across text, audio, video and IoT data are transforming fraud detection in the P&C sector, where 10% of claims are fraudulent.
Globally, commercial lines rates drop 3% for third-consecutive quarter, ending seven-year streak of increases: Marsh.
P&C insurers projected to maintain 10% ROE through 2026 despite slowing premium growth, tariff-driven auto parts inflation, catastrophe losses, and ongoing reserve challenges: Swiss Re.
Property insurance volatility and emerging risks fuel recent growth in surplus lines premiums, according to AM Best.
Nearly half of U.S. states are developing AI governance laws, with compliance and risk management implications, according to Gallagher.
Rising claims and insurance costs underscore the importance of resilience in planning renewable energy projects, FM reports.
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