Reported about 15 hours ago
AXIS CEO Vince Tizzio discusses the evolving risk landscape for the insurance industry in 2025, highlighting that insured losses from natural catastrophes are expected to exceed $135 billion globally in 2024. He emphasizes the significant impact of changing weather patterns on property damage and the insurance market, particularly in areas like specialty liability and 'social inflation.' With current natural disasters and mandatory evacuations affecting thousands, insurance advice is crucial for navigating claims in such challenging times.
Source: YAHOO