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November 11, 2021 Edition

 
Headlines
 
 
 
All lines of commercial insurance saw renewal rates rise in October except for workers compensation, according to a report Tuesday from Ivans Insurance Services, a division of Tampa, Florida-based Applied Systems Inc.
 
 
The cybersecurity market in the U.S. totaled about $4.1 billion in direct written premiums in 2020, a 29.1% increase from the previous year, the National Association of Insurance Commissioners said in a report issued Monday.
 
 

 

Business
 
 
 
Despite years of premium pricing increases, the commercial auto sector continues to see underwriting losses, according to a report Monday by A.M. Best & Co.
 
 
The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports NAIC.
 
Global insurance premiums could grow to $10 trillion by the end of the decade as new technologies reduce insurer costs, driving better coverage and pricing for good risks.
 
 

 

Education
 
 
 
The insurance industry says it now has hard data proving that if you have a bad credit score, you're more likely to slam on the brakes or step hard on the gas.
 
 
The US will not be able to insure its way out of coming climate disasters, but must focus on mitigation and resiliency – along with insurer solvency — to reduce risk and exposure.
 
 

 

Environment
 
 
 
Infrastructure legislation passed by Congress and heading to the President's desk will address wildland firefighter pay and reduction of fuel loads.
 
 
Statistical modeling highlights predictive importance of local climate and human activity. Researchers have uncovered new insights into the dynamics that underlie the probabilities of wildfire across the state of California.
 
 

 

Innovation
 
 
 
C-thru is an eyepiece that helps first responders see through smoke using AR and thermal imaging.
 
 
 

About InsuranceEDGE

 

 

Curated weekly by BuildingMetrix experts,  InsuranceEDGE helps you work smarter. You don't want to miss an issue. Get InsuranceEDGE delivered to your inbox every Thursday. BuildingMetrix is a WSRB company. 
 
 
 

 

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