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- Insurance News Digest 12-11-2024
Insurance News Digest 12-11-2024
This week, an arrest was made in UnitedHealthcare CEO shooting, the insurance industry saw a significant increase in catastrophe bond investments following strong performance after hurricane season, and Gallagher acquired AssuredPartners for $13.5 billion.
We deliver the latest insights and developments shaping insurance, focused on insights and opportunities for those who serve the insurance industry. Stay informed on how emerging trends like current events, regulatory changes, AI, and innovative products can help you better serve your clients and partners and drive business growth.
Authorities in Pennsylvania arrest a suspect in the targeted killing of UnitedHealthcare's CEO, raising safety concerns.
Gallagher's acquisition expands its mid-market reach and strengthens its presence in key insurance markets.
Zurich completes the acquisition of AIG's Travel Guard business, integrating it into its global operations under Cover-More Group.
Aviva strengthens its market position with the acquisition of Direct Line in a strategic bid for expansion.
Florida Citizens reports a significant decline in policies, reflecting state efforts to reduce exposure.
Effective communication and proactive service are key drivers of customer satisfaction in insurance claims.
ESG frameworks help insurers and investors align with sustainable practices, mitigating long-term risks.
Global insured losses from natural catastrophes in 2024 are expected to exceed $135 billion, continuing a costly trend.
CoreLogic identifies homes at extreme risk from floods, fires, and hurricanes, underscoring growing climate challenges.
Business leaders prioritize navigating economic risks amid global uncertainty and market pressures.
Guidance for businesses to implement robust cybersecurity strategies to reduce risk and insurer liability.
Survey shows that 40% of injuries in retail occur within employees' first year, emphasizing the need for robust safety measures.
Janet Yellen highlights vulnerabilities in the financial system, focusing on risks in commercial real estate and crypto markets.
Research estimates $1 trillion in property risks by 2100 from rising sea levels on the Southeast Atlantic coast.
Reinsurance buyers expect better availability of aggregate cover and rising interest in catastrophe bonds for 2025.
After a robust hurricane season, catastrophe bonds see increased investment due to market-beating returns.
After a high-performing hurricane season, catastrophe bonds see increased investment, showing market resilience.
Evolving product strategies cater to younger generations, making life and annuity products more appealing.
Ben Sloop to lead Amwins Group in 2025, focusing on expanding its wholesale brokerage capabilities.
Breaking down organizational silos improves safety, compliance, and unified risk management in insurance.