With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry’s aggregate 2024 combined ratio was 96.5—marking the lowest figure since 2013, a new report shows. Fine-tuning a slightly higher industry aggregate figure released earlier this year by using data from statutory blanks filed through late April, … Read more
There are two big economic trends this decade: 1. Consumers keep spending money no matter what. 2. Investors keep buying the dip no matter what. People keep waiting for these trends to break but they simply won’t. Not yet at least. What’s it going to take? One would imagine a recession would break the spending … Read more
Over the past decade, there’s been a dramatic increase in reconstruction costs, according to Trish Hopkinson, head of 360Value at Verisk. The 10-year analysis examined residential and commercial reconstruction costs between October 2014 and October 2024. National residential reconstruction costs, including materials and retail labor, increased 63.7 percent in the past ten years. Between October … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s coal plant construction surged last year to the highest level in almost a decade, conflicting with President Xi Jinping’s promise that carbon emissions would peak before 2030, researchers have said. In a report released … Read more
Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. Japanese investors have been selling Eurozone government debt at the fastest pace in more than a decade, with analysts warning that the move by one of the bloc’s cornerstone bondholders could lead to sharp market … Read more