Morgan Stanley Wealth Management Pulse Survey Reveals Bullish Sentiment Despite Drop in Optimism

Direct written premiums for cyber insurance worldwide are projected to reach $23 billion by 2025, with U.S. businesses accounting for 56% of the total, according to a new report by the Insurance Information Institute (Triple-I). The report, titled "Cyber Insurance: State of the Risk," highlights two primary factors driving this trend.The first factor is the ever-present threat of data breaches and cyberattacks. With the increasing reliance on Internet of Things (IoT) technologies, the expansion of remote work, and the greater use of cloud data storage, U.S. businesses are...

The Insurance Information Institute (Triple-I) has released its 2023 Annual Report, showcasing the organization's achievements in a year marked by a record number of weather and climate disasters in the United States. These disasters resulted in at least $1 billion in damages.In his Annual Report letter, Triple-I CEO Sean Kevelighan emphasized the significance of climate risks and the insurance industry's response to them. He stated, "Triple-I is making clear how U.S. insurers and reinsurers have long been seeing the impacts of increased climate risk and are promoting a...

The property/casualty industry continues to face challenges in underwriting losses, according to the latest report from the Insurance Information Institute (Triple-I) and Milliman. The 2023 net combined ratio for the industry is forecast to be 103.9, with commercial lines performing better than personal lines. Commercial lines have a net combined ratio of 97.7, while personal lines have a ratio of 109.9.The main driver of the adverse results is the record levels of severe convective storm losses. Despite this, the industry is experiencing growth, with a forecasted net...

Mark Brnovich, Arizona's Attorney General, announced in a Wall Street Journal op-ed March 6 an anti-trust investigation into Environment, Social, and Governance (ESG) policies and organizations like Climate Action 100+ for allegedly steering markets away from traditional energy sources and toward green energy. Texas is also trying to reign in ESG-focused companies.

BlackRock has issued a statement about what its investment portfolio will look like in 2030 pertaining to Environmental, Social and Governance (ESG) policies.

Jobless claims filed by Indiana residents since the start of coronavirus shutdown orders in mid-March have hit 673,220, or 19.8 percent of the state’s workforce, according to a new analysis from the website 24/7 Wall St.