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Cyber liability coverage for ransomware attacks will need to pull back as losses rise at an alarming rate, Axa XL's chief underwriting officer for cyber and...
The most severe weather event in the quarter appears to have been Typhoon Hagibis, which struck Japan in October 2019 and caused an estimated $11 billion in losses...
Many lessons were learned from the 2007-2008 financial crisis, including the need to better understand an organization’s expected credit losses (ECLs)...
Higher reinsurance prices could subdue the pursuit of growth through acquisition, according to one analyst, but others said the impetus for deals still exists...
CEO Brian Duperreault said he could not remember the last time AIG generated an underwriting profit through a full calendar year, perhaps unsurprising given that it was over a decade ago...
Bushfires across Australia are drawing increased attention to the financial risks of climate change, even as the country...
Hyperion X's David Flandro says the market needs to place business more efficiently to survive, but others say barriers need to be removed before such reductions can happen...
Carriers are getting higher rates in some lines, but not all of them, President and CEO J. Powell Brown said during an earnings call...
There is little consensus on what constitutes modern-day war, particularly in cyberspace, and insurers are trying to strike the difficult balance between providing sufficient cover and avoiding financial ruin...
Rapid premium growth in business lines linked to Medicaid and Medicare programs have caused the accident and health sector to attain a more prominent role in the U.S. insurance industry...
