The insurance industry's shift from assessing and pricing risks to predicting and preventing losses â€" thereby improving insurance availability and affordability â€" is well underway.

Reinsurance News recently spoke to Joss Matthewman, Senior Director, Product Management & Strategy, RMS, about what he believes the re/insurance industry needs to do to try and combat the effects of climate change.

Discover how a one-time reputable claims adjuster's illicit actions led to a steep fall from grace, shedding light on the critical role of integrity in the claims industry.

A recent case study by Moody's reveals that in locations like South Florida, meeting or surpassing evolving building codes can slash home damage costs almost tenfold.

HoneyQuote, a digital insurance marketplace, has partnered with First Connect Insurance Services to grant thousands of independent agents nationwide the ability to seamlessly write policies in Florida.

Propulsion problems on four satellites using the same kind of power modules are expected to result in at least $50 million in claims for insurers already facing more than $800 million in losses this year.

The surge in claims corresponds with the fall, the mating season for deer, heightening the chance of vehicular collisions.

An insurance company isn't required to cover a man who was severely injured after he was struck by a vehicle in the process of helping an unconscious motorist.

Auto insurance rates have gone up across most of the U.S., with the national average premium increasing by 16% from 2022 to 2023. However, Wisconsin drivers saw one of the biggest increases of any state in the country.

Florida-based insurers still aren't profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance companies are preparing to enter the Florida market.

Soaring combined ratios demonstrate P&C insurance is due for fundamental, structural reform. Innovative solutions are available.

Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter.

Prompt: Write me a one-to-two paragraph magazine article introduction about artificial intelligence being a mind extension tool, as defined by Clark and Chalmers' extended mind theory.

Sam Bankman-Fried's criminal trial started this week; and on the same day, he sued one of his director & officer insurers. And a lot of people are asking, why? Is the timing a coincidence or on purpose? Shouldn't he be focused on the criminal trial? The answer is: he is.

About 8 out of 10 business owners recently surveyed expressed worries that specific events or losses would have the potential to affect their firms despite their existing business insurance coverage. Life insurance and business owner policies tied as the top concerns.