The intensity of the 2023 Atlantic hurricane season is expected to be ‘slightly below average,’ due to a likely shift of Pacific temperature conditions of the past three years from La Nina to El Nino, according to Dr. Phil Klotzbach, Triple-I nonresident scholar and research scientist with Colorado State University (CSU).
Colorado Governor Jared Polis has signed a consumer protection bill to ensure people with limited English proficiency (LEP) can read and understand critical insurance policy documents.
As you can see throughout the March/April special issue of Risk & Insurance, as well as here on the risk website, there is growing momentum to find a better way to help individuals, businesses and society manage the severe risks they are facing: Predict & Prevent.
The recent outbreak of severe weather that crossed a large swath of the country reaching from the Great Lakes to the Gulf of Mexico on April 4 was responsible for more than 200 tornado reports, large hail, and hurricane force winds.
As home market volatility continues to stomp its way through this year, homeowners’ insurance rates will be rising even as the home values themselves drop, said a recent Insurify report called the 2023 Insuring the American Homeowner report.
While the news media often treats artificial intelligence (AI) as an emerging development, it has been around for more than 50 years and is more integrated into modern life than many people realize.
Risk managers never sleep easy, nor do they take anything for granted. Charlene Schultson, the Executive Vice President Commercial, North America, for the Patriot Mutual Insurance Company, is no exception.
The Great Resignation and Silver Tsunami have received a lot of recent attention as two workforce trends making a significant impact on organizations. With the workforce rapidly graying, some employment experts are saying we are in the midst of the ‘Great Retirement.’
A 7-year-old boy and a teenager were killed in a fire sparked by an e-bike’s lithium-ion battery in New York on Monday, marking the city’s fifth death in connection with the batteries this year, officials said.
According to BMS Re, a specialised reinsurance broker, and available industry data, it is estimated that the insured losses caused by severe weather events such as hail, tornadoes, and thunderstorm wind gusts in the US during the first-quarter amount to a range of $7 billion to $9.5 billion.
The FBI recently warned consumers against using free public charging stations, saying crooks have managed to hijack public chargers that can infect devices with malware, or software that can give hackers access to your phone, tablet or computer.
Championed by industry groups and CFO Jimmy Patronis, a bill curbing auto glass repair lawsuits sped through its last committee stop in the House and now awaits a full chamber vote.
Litigation is rarely warm and fuzzy, but what’s unfolding in Florida between plaintiffs firm Morgan & Morgan and the insurance industry puts hardball tactics in a new light.
According to recent market research, blockchain in insurance will expand from $64.5 million of revenue and cost savings in 2018 to $1.4 billion this year -- a compound annual growth rate of 85%!
Colorado homeowners and businesses unable to get property insurance from private companies could obtain expensive, bare-bones coverage from a quasi-governmental insurer of last resort under a bill introduced Thursday in the state legislature.
