Articles

Report: More Than 1-in-4 Residents Affected by Climate-Related Extreme Weather in 2021

More than four-in-10 U.S. residents live in a county that was struck by climate-related extreme weather last year, while more than 80% experienced a heat wave, according to a new report. The Washington Post conducted an analysis of federal disaster declarations, which shows that ‘in the country that has generated more greenhouse gases than any other nation in history, global warming is expanding i...

Future of Surety: Why the Industry Needs Knowledge Transfer and Education Now

Surety requires a highly complex and specialized form of underwriting. It is also an excellent career path for those who thrive on complex challenges, have a genuine interest in buildings and infrastructure, and enjoy playing a role in getting things done. Given how important and profitable the business line is, it’s unfortunate that it’s not better understood within the insurance industry, and th...

MCI Lloyd’s Syndicate 1902 Offers ‘Ground-Breaking’ Infectious Disease Liability Cover

Specialist liability underwriter Medical & Commercial International (MCI) announced the launch of a ground-breaking communicable disease liability (CDL) cover. Based on extensive epidemiological research by leading scientists and liability practitioners, MCI said it will be the world’s first and only team dedicated to the re/insurance, management and handling of CDL risks and claims. The cover...

In Changing Housing Market, Home Insurers Struggle with Customer Loyalty: Study

Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of baby boomers migrating from home ownership to renting, a new study by J.D. Power, 2021 U.S. Home Insurance, reveals. About two-thirds of all rental housing growth between 2004 and 2019 was driven by adults age 55 and older, and that group now accounts for approxi...