End of days? Is the insurance industry about to collapse? | Insurance Business America Catastrophe & Flood End of days? Is the insurance industry about to collapse? Industry stakeholders consider the unthinkable Catastrophe & Flood By Daniel Wood The extreme losses being experienced by the insurance industry have some industry stakeholders considering the unthinkable: will … Read more
By Michel Léonard, Ph.D., CBE, Chief Economist and Data Scientist, Triple-I The International Longshoremen’s Association (ILA) went on strike on Tuesday, Oct 1. The strike is expected to affect more than 20 ports along the Eastern Seaboard and Gulf Coast, including the ports of New York and New Jersey, Baltimore and Houston. Focusing specifically … Read more
Surplus strains market hits new premium report amid business challenges | Insurance coverage Enterprise America Insurance coverage Information Surplus strains market hits new premium report amid business challenges New report exhibits E&S enterprise booming Insurance coverage Information By Steven Byerley The U.S. surplus strains insurance coverage market reached a big milestone in 2023, surpassing $100 … Read more
How AI is altering the worldwide telecom business – and dangers are mounting for insurers | Insurance coverage Enterprise America Insurance coverage Information How AI is altering the worldwide telecom business – and dangers are mounting for insurers The immense progress alternatives include dangers Insurance coverage Information By Gia Snape The fast rise of synthetic … Read more
Regardless of persevering with market volatility and uncertainty, we’re essentially optimistic about the way forward for the insurance coverage trade, which has demonstrated resilience by means of the pandemic and within the face of inflation, losses, and reserve capital requirement headwinds. As COVID-19 grew to become a worldwide pandemic in March 2020, the ensuing financial … Read more
