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The latest people news in the industry today.
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.
Record-breaking fires account for 71% of global insured losses in Q1, and U.S. faces highest economic losses from disasters since 1994, Aon reports.
WTW report highlights strategic advantages of captive solutions amid expected rise in corporate insolvencies and stricter underwriting standards.
Gallagher report reveals double-digit rate decreases for catastrophic-exposed property placements, while casualty lines face continued hardening with rising deductibles and shrinking carrier capacity.
Energy insurers chasing market share and cutting rates, despite concerns about profitability, WTW reports.
Technology choices and security controls directly impact an organization’s cybersecurity risks, At-Bay analysis shows.
Allianz report reveals 51% of companies fear civil unrest as protests spike worldwide; terrorism, state-sponsored sabotage, and environmental activism pose growing threats to operations.
Staffing shortages create additional risk as companies increase dashcam adoption by 29% and expand hands-free policies to protect drivers, a Nationwide survey finds.
Umbrella/excess liability and commercial auto lead with 6.7% hikes; small businesses and transportation sector hit hardest: MarketScout.
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