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Industries that face the most AI risk now will likely adjust and better manage the tech in the future, Swiss Re reports.
Most insured losses will be retained by primary insurers while economic losses may trigger parametric coverages.
AF Group's website was down for days before the carrier released a statement indicating it had a cybersecurity incident.
Already this year, the U.S. has been hit by 15 weather and climate disasters costing at least $1 billion.
All the fuss was over the insurance contract's selection of New York law to govern future disputes.
Wildfires can be natural occurrences, but their behavior, timing, location and conditions are becoming more unusual.
Speaking recently on CNBC, Sean Kevelighan talked about how inflation and litigation increase insurance premiums.
An array of potential headwinds and risks have surfaced (or re-surfaced), meriting caution and scrutiny by re/insurers.
Insurify reports that some people are considering a move due to rising home costs — including insurance rates.
Catastrophe bonds allow issuers to pass part of their risk over to capital markets.