Global Insured CAT Losses Down 31.6% in H1 2022
While CAT losses are down in the first half of 2022, they are 18% higher than the 21st-century average, according to Aon.
Industry Trends
Knowledge Test: Applied Underwriters Survey Results
In April, Markets Pulse e-newsletter recipients were quizzed on their catastrophe risks knowledge. Here are the results.
Online Commercial Insurance Shopping to Double in Next 3 Years
As many as 53% of independent agents are expecting a significant increase in online commercial insurance buyers over the next three years.
2022 Auto Claimants Are Waiting 18 Days for Collision Repairs
Auto claimants’ wait for collision repairs jumped 4.5 days in the second quarter of 2022 from the second quarter of 2021, according to a report from Enterprise Rent-a-Car.
Acrisure Purchases Naming Rights to Pittsburgh Steelers Home Field
Acrisure, a financial services technology provider and one of the top-10 largest insurance brokers in America, will take over the naming rights of the Pittsburgh Steelers’ home field.
Employee Stress at All-Time High, Says Gallup
Forty-four percent of employees around the world reported experiencing stress during “a lot” of the day, according to the Gallup report.
Personal, Commercial Rate Increases Stabilize in Q2
The second quarter of 2022 saw personal lines rate increases stabilize at 5.16%. Commercial rates also stabilized at a composite increase rate of 5.91%.
70% of Hurricane-Exposed Homes Do Not Have Flood Insurance
Nationally, nearly 7.8 million single and multifamily homes with more than $2.3 trillion in combined reconstruction cost value are at risk of storm surge, according to CoreLogic.
Big ‘I’ Condemns Actions of Maine Agency
The Independent Insurance Agents and Brokers of America issued the following statement regarding the controversial sign posted by the Harry E. Reed Agency in Millinocket, Maine, on Juneteenth.
Long to Retire as Liberty Mutual Chief, Sweeney Named Successor
David Long has worked for the Boston-based insurer for 37 years, becoming president in 2010, CEO in 2011 and chairman in 2013. He will retire at the end of the year.
