Susanne Sclafane

At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client

Social inflation is at the heart of rising claims severity trends showing up on the books of casualty insurers and reinsurers, industry representatives

At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client from a hospital insurance company who brought his team members to the event.

An executive speaking at Lemonade's Investor Day late last month took investors behind the scenes to watch some of its AI bots in action.

Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measure—a social inflation index. (Related article:

Moody's Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a reason for the upgrade.

Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report published Monday. According to the report, “China’s New Energy Vehicle Boom Transforms Motor Insurance Market,” China leads the way globally in producing and selling new … Continued

Mercury General Corporation said it expects losses from wildfires burning in California since Jan. 7 to exceed its $150 million reinsurance retention, without providing a specific dollar estimate of losses the company expects to incur. The first publicly traded U.S. insurer to provide any wildfire updates on Jan. 10, the Los Angeles-based carrier, which is … Continued

CoreLogic announced a preliminary range of insured loss estimates for the Eaton and Palisades Fires in Los Angeles, Calif. of $35 to $45 billion, but there are a lot of factors that could change the numbers.

Insurance claims adjusters have something in common with postal clerks, cashiers, administrative assistants, and graphic designers. These jobs all rank among those in the greatest decline over the next five years, a new report says.