The increasing acknowledgment of climate change's impacts has spurred industries and investors to seek out innovative solutions for managing associated risks. Addressing this demand, Howden has launched its pioneering Resilience Laboratory in collaboration with Microsoft, marking a significant
As the first half of 2024 came to a close, the U.S. insurance industry experienced significant signs of surplus recovery, driven primarily by notable gains in capital and improvements in underwriting. Despite looming threats such as natural disasters, cyber risks, and inflation, the industry
In light of recent attacks on oil tankers by Yemen’s Houthi militants, the cost of insurance for ships navigating through the Red Sea has seen a dramatic increase, raising concerns about the sustainability of using this crucial trade route. These events have caused a near-doubling of insurance
The September 16, 2024 issue of Insurance Journal Magazine provides an in-depth look into pressing topics within the property/casualty insurance and excess & surplus (E&S) lines sectors, offering critical insights into evolving industry dynamics, regulatory challenges, and emerging risks. As the
The wholesale insurance market has undergone a whirlwind of changes from 2010 to 2020 and continues to evolve in the current decade. This transformation, driven by an evolving risk environment, technological advancements, and market dynamics, is reshaping the industry's very essence. Understanding
As the demand for sustainable energy solutions intensifies, the renewable energy sector is experiencing an unprecedented boom in construction activities. This rapid development is crucial for addressing the global energy crisis and climate change, but it also brings forth a slew of challenges,
