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Markets/Coverages: Aon Incorporates Climate Science Into European Flood Models
Insurance broker Aon has incorporate the latest climate science into its Impact Forecasting’s European flood models to help enable insurers to access more accurate loss estimates to help make better decisions for underwriting, reinsurance and regulatory requirements. The models are …
POSTED JUNE 30, 2022 1:21 PM |
China Digital Campaign Used Social Media to Target Mining Firms: Report
A pro-China propaganda campaign used fake social media accounts to try to stir up opposition, including protests, against mining firms that challenge China’s business interests, U.S.-based cyber-security firm Mandiant said on Tuesday. While politically motivated disinformation campaigns on social media …
POSTED JUNE 30, 2022 12:42 PM |
ReSource Pro Acquires Commercial Lines Technology Platform towerIQ
Insurance business services firm ReSource Pro reports it has completed its acquisition of towerIQ, a property/casualty insurance focused technology platform designed to streamline workflows and capture market data. ReSource Pro said the addition of the insurtech will allow its clients …
POSTED JUNE 30, 2022 12:35 PM |
New York Moves to Bolster Concealed-Carry Gun Laws
New York’s getting ready to go around a recent U.S. Supreme Court decision by making schools and subways no-gun zones and by making it more difficult to obtain a permit to carry a firearm. Across the country, Democrats in California …
POSTED JUNE 30, 2022 12:23 PM |
EU Antitrust Enforcers Accept Offer From Irish Insurers’ Association
EU antitrust enforcers accepted on Thursday an offer from Irish insurers’ association Insurance Ireland to open up its data sharing platform to non-members and apply fair criteria to access it aimed at averting a possible hefty fine. Last year, the …
POSTED JUNE 30, 2022 11:15 AM |
Turkish Insurers Seek Bond Issue to Protect Capital From Soaring Inflation
Turkey’s insurance association is in talks with the country’s Treasury on a potential inflation-indexed bond issue, the group’s head told Reuters, as insurers seek a new mechanism to protect their capital from soaring inflation. Turkey’s inflation rate hit 73.5% in …
POSTED JUNE 30, 2022 10:40 AM |
Ariel Re Sponsors 6 Bermudian Students for Summer Internship Program
Six Bermudian students will be learning about the global reinsurance industry this summer as part of an internship program with Ariel Re in Bermuda. The interns will learn about a variety of roles within the sector, including operations and finance, …
POSTED JUNE 30, 2022 10:12 AM |
EU Seeks Agreement on Ground-Breaking Regulations for Crypto Assets
The European Union on Thursday will seek agreement on ground-breaking rules for regulating crypto assets as the rout in bitcoin piles pressure on authorities to rein in the sector. Globally, crypto assets are largely unregulated, with national operators in the …
POSTED JUNE 30, 2022 8:16 AM |
P/C Industry to Finish 2022 in the Red With Combined Ratio Over 100: S&P
For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, said S&P Global Market Intelligence. “We expect that growth rates in the commercial lines will pull back from …
POSTED JUNE 30, 2022 5:06 AM |
US Farmers Battle Floods, Heat in Bid to Replenish Food Supplies
Global grain markets are at a pivot point, with prices finally starting to ease after a dizzying surge earlier this year. Where things go from here could end up being determined by farmers like Justin Sherlock and the extreme weather …
POSTED JUNE 30, 2022 5:02 AM |
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