From the historic heat wave and wildfires in the West, to the massive derecho that tore through the Midwest, to the record-breaking pace of this year's hurricane season, unprecedented and concurrent extreme conditions are all happening right now.
Although total return reinsurers have the potential to generate significantly higher investment returns than traditional reinsurers, their results have been volatile compared to those of Bermuda reinsurers, says AM Best.
Nearly 60% of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same time, a little over a third said they're concerned about rising insurance rates, according to a new report.
While few, if any, organizations saw the coronavirus pandemic and all of its death and disruption coming, some were better positioned to deal with it than others. An insurance executive offers his perspective on what the successful organizations did differently.
A unit of Travelers Cos. Inc. won the dismissal of a business interruption suit, adding to the list of court decisions finding disruptions stemming from the pandemic don’t constitute property loss or damage.