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| | | | | | | Tracking reconstruction cost changes | | | | Building materials and labor prices are up 13.5% year-over-year. Discover how keeping current with real-world reconstruction costs supports insurance to value. | | | | | | | | Verisk | | |
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| Today's Headlines | May 10, 2022 |
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We've entered an inflationary environment, and a significant one at that. The Consumer Price Index (CPI), which has been slowly inching upward since May 2020, increased 0.9 percent from September to October while also reaching its largest year-over-year hike—6.2 percent—since 1990. Inflation has a larger impact on the insurance industry than most others. However, inflation... read more | | |
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It's no question that recent catastrophic events—a global pandemic, extreme weather and cyber attacks, for example—have had an impact on the insurance industry. With all of this disruption comes many challenges and opportunities. So, how can InsurTechs navigate the risk and innovate toward a safer, smarter, better world? At Carrier Management's InsurTech Summit this year,... read more | | |
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If I say to you, "Tell me about your home security system," you might begin to describe the sensors that are on your windows or the keypad that is close to the entry door. You may tell me that you installed a doorbell cam, or ... read more | | |
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After receiving a number of concerned comments, S&P Global Ratings said it is withdrawing a proposal to change the way it assesses risk-based capital adequacy for insurers and reinsurers. For the first time in more than 10 years S&P looked to change how it measures creditworthiness of insurance companies, and on Dec. 6 last year... read more | | |
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AIG CEO Peter Zaffino during the company's most recent earnings call provided analysts with some insight regarding insurance implications from Russia's invasion of Ukraine. "We have not seen a situation like this in modern times," Zaffino said during the May 4 call. "It presents a unique set of circumstances that make any exposure or coverage... read more | | |
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The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace grew 74 percent to over $4.8 billion, according to a report from Fitch Ratings. Overall, the top cyber insurance underwriters are Chubb with 10 percent market share, Fairfax (9 percent), AXA XL (9 percent), Tokio... read more | | |
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Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over into sea lanes, insurer Allianz Global Corporate & Specialty (AGCS) said in a report on Tuesday. Two seafarers have been killed and six merchant vessels hit by projectiles—sinking two of them—around Ukraine's coast... read more | | |
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Americans wondering whether a nearby dam could be dangerous can look up the condition and hazard ratings of tens of thousands of dams nationwide using an online database run by the federal government. But they won't find the condition of Hoover Dam, which impounds one of the nation's largest reservoirs on the border of Nevada... read more | | |
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| | According to the FBI, the insurance industry loses $40 billion per year to ... read more | |
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| | As the world has turned digital, technological business solutions continue ... read more | |
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| | Automation is essential to the insurance industry's digital transformation ... read more | |
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| | A clunky and inefficient claims process leads to unhappy customers. This guide ... read more | |
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| | Research firm Aite-Novarica interviewed 10 life, annuity, and P/C insurance ... read more | |
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