U.S. homeowners premiums increased from $74 billion in 2011 to $89 billion in 2015, and will rise to a projected $91 billion for 2016 given prospective rate activity. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc …
Autonomous vehicles are expected to shake up the property/casualty market, as personal auto insurance premiums drop and cyber insurance steps in. As drivers look forward to a future of eating, reading and watching movies while being transported to destinations around …
Premiums for U.S. auto insurers may drop more than 40 percent once the use of automated vehicles has been fully adopted by 2050 and driving becomes safer, according to insurance broker Aon Plc. “We as an industry need to act …
By the end of 2016, nearly four million people may be infected with the Zika virus, according to the World Health Organization. In fact, the National Center for Atmospheric Research (NCAR) has found that factors like weather, travel and poverty …
Violent storms that struck the U.S. in December will cost more than $4 billion in damages, about half of which will probably be covered by insurers, according to estimates by Aon Plc. The disasters at the end of the month …
The U.S. economy has sustained $2 billion in wildfire losses – the highest in eight years, according to the latest edition of Impact Forecasting’s Global Catastrophe Recap monthly report. The report, which evaluates the impact of the natural disaster events …
China’s monsoon losses approached $4 billion and the U.S. sustained nearly $500M in insured losses as a result of severe storms in June, according to Impact Forecasting’s latest edition of its monthly Global Catastrophe Recap report. The report evaluates the …
Windstorms Mike and Niklas, which swept across Europe last month, killing nine people and severely damaging parts of Germany, probably cost insurers more than $1 billion, Aon Plc said. The hurricane-force winds also struck portions of the U.K., Netherlands, Switzerland, …
Reduced frequency and loss rates, concerns with patient management and emerging risks are some of the findings in the second annual Aon Risk Solutions’ Health Care Workers Compensation Barometer report. The report explores trends in frequency, severity and overall loss …
Insured losses from global natural disasters during the six-month period ending June 30, 2014 reached $22 billion. That compares to $27 billion in the first half of 2013 and is approximately 19 percent below the 10-year average of $27 billion, …