Economic news and global market trends
A New Jersey judge determined that a joint insurance fund does not qualify as an insurer and thus is not liable for a $4.75 million settlement.
The EU's goal of achieving 90% gas storage before winter is hindered as LNG exports shift to Asia due to supply issues from the Iran conflict.
Florida's insurance market shows signs of recovery, with reduced fraud and plunging premiums due to recent tort reforms, though challenges remain.
Christina Montes De Oca, CEO of Coface North America, shares how trade credit insurance adapts to uncertainty and evolving market demands.
Coface's net income fell to €108 million in the first half of the year due to economic stagnation and tariffs, although revenue exhibited slight growth.
Accredited Insurance expands its marine risk coverage in Greece and Cyprus through a new partnership with Hellenic Hull Management.
Everest Group's net income dropped 17% year-on-year to $559 million in Q2, with gross written premiums falling 7% to $3.7 billion.
Recent wildfires in Spain and France are unlikely to impact insurer earnings significantly, except in high-value urban areas.
Willis Towers Watson highlights the trend of data center firms over-insuring due to unquantified risks, urging better assessment procedures.
Japan’s major non-life insurers reported a 20% profit increase due to a decline in natural disasters, reflecting a positive market condition.
Hackers issue ‘final warning’ to Ernst and Young Jul 28, 2026 After breaching London-based Ernst and Young Global Ltd.’s network, the hacking group ShinyHunters has issued a “final warning,” threateni...
Predictions of a strong El Niño are driving significant crop insurance demand in Brazil, prompting insurers to reassess coverage strategies.
The Rhine River's historically low water levels are significantly reducing barge capacities and increasing freight costs for vital commodities.
Employers in California are gearing up for crucial negotiations in 2024 to address permanent disability benefits and anticipated reforms in workers' compensation.
Swiss Re anticipates a significant slowdown in global insurance premium growth for 2026, primarily from cooling property/casualty rates.
June saw a significant decline in U.S. hiring, raising concerns about job market stability amid inflation and decreasing labor force participation.
The recent earthquake in Venezuela is expected to cause significant commercial insurance losses, while the residential sector remains largely uninsured.
Recent earthquakes in Venezuela may result in economic damages exceeding $10 billion, according to the U.S. Geological Survey, while recovery efforts commence.
A recent study reveals that Massachusetts families face a heavier tax burden than those in states like North Carolina, demanding urgent tax reforms.
Prudential has filed a lawsuit against AIG and five insurers over a protracted $300 million claim related to its Assurance IQ acquisition.