Personal auto insurance premium rates have returned to pre-pandemic levels, but several trends are likely to sustain upward pressure on rates, according to a new Triple-I Issues Brief. At the start of the pandemic, auto insurers – anticipating fewer accidents amid the economic lockdown – gave back approximately $14 billion to policyholders in the form…
“I don’t think you’re born a leader or born with confidence or bravery or boldness. Instead, through a repeated set of experiences, you start to reinforce certain ideas about yourself.” According to Rekha Skantharaja (pictured), the CEO and president of Tangram Insurance Services, the time is right for the nature of the conversation around diversity…
Office email services have been used to impersonate and scam nearly 6,600 organizations so far this year, according to a study by email security firm Barracuda Networks. Barracuda found that 6,170 malicious accounts that have used Gmail, AOL and other services have been responsible for more than 100,000 business email compromise (BEC) attacks, which have…
California has suffered more data breaches since 2005 since any other state, according to a new analysis by Comparitech. Comparitech analyzed both the number of data breaches and the total number of records exposed from 2005 to the present. Key findings of the analysis included: California suffered the most data breaches – 1,777 since 2005.…
As with so many other goods and services, insurance for commercial trucks has become more costly since the pandemic – but a closer look at the numbers shows that this trend pre-dates COVID-19’s economic and supply-chain disruption. “Despite reductions in insurance coverage, rising deductibles, and improved safety, almost all motor carriers experienced substantial increases in…
By Max Dorfman, Research Writer, Triple-I After years of steady declines, traffic fatalities in the United States are on the rise, contributing to increasing auto insurance rates. This comes despite declines in the average number of miles driven due to the pandemic. In 2020, 38,680 deaths occurred on U.S. roads, the most since 2007. In…
A reduced earnings target for 2020 and a decision not to make additional payouts to shareholders during the fourth quarter – those were the headline takeaways as Europe’s second largest insurer AXA released its interim financial results today. The company saw underlying earnings drop by 48% and gross revenues slip by 10% leaving it with…
“Despite the current challenging and uncertain public health, economic, and social environment, Everest reported another solid quarter and first half of 2020 results.” Those were the words of Everest Re Group president and chief executive Juan C. Andrade when the global (re)insurance provider released its latest numbers, which included $160 million of COVID-19 losses. Despite…
The hospitality insurance market in the United States is in a tough bind. Not only are hospitality insurers under pressure to find solutions for an industry that has been totally devastated by the COVID-19 pandemic, but they’re trying to do so at a time when the US property and casualty (P&C) insurance market is facing…
Schools in the US have taken center stage in recent weeks as the fall semester start-dates draw closer. Some have refused to reopen altogether until confirmed cases of coronavirus drop and many are offering online learning before students get the go-ahead to come back to class. Between states, return dates for in-person learning and approaches…