Debate Arises Over Proposed Federal Catastrophe Reinsurance Program
The new federal catastrophe reinsurance bill faces scrutiny from America’s insurers, highlighting concerns over policyholder costs and insurance access.
January 15, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Reinsurance Market Sees Positive Shift Post-2023 Reset
Following the 2023 industry reset, the reinsurance market is experiencing a significant positive transformation, offering promising opportunities for investors and companies alike.
January 15, 2024
Insurance Industry
Risk Management
Underwriting
Embracing AI as a Beacon of Optimism in the Insurance Industry
Amid global challenges, the insurance industry’s future looks bright with AI-driven transformations enhancing risk management, policy recommendations, and employee experiences.
January 15, 2024
Insurance Industry
Risk Management
Technology
New York Governor Vetoes Bill Banning Noncompete Agreements, Keeping Current Laws in Place
Gov. Kathy Hochul’s veto of a bill to ban noncompete agreements in New York maintains the status quo, balancing business interests and worker rights.
January 12, 2024
Legislation & Regulation
Risk Management
New York
Cyber Insurance Market Sees Major Shift with Rising Premiums and Evolving Risks in 2023
The cyber insurance market experiences a shift with increased premiums, evolving cyber threats, and a focus on informed decision-making for 2024, as highlighted by Woodruff Sawyer.
January 12, 2024
Insurance Industry
Risk Management
Technology
Prolonged Rainfall in Eastern Australia Causes Widespread Damage, Upending Wildfire Preparations
Eastern Australia faces unexpected and prolonged deluge, causing extensive damage to homes and crops, challenging the typical preparations for wildfire season.
January 12, 2024
Catastrophe
Risk Management
Supercede Reports Significant Growth in Digital Adoption in Reinsurance Industry
Supercede’s latest data reveals notable growth in digital platform usage, indicating a shift towards technological integration in the reinsurance industry.
January 12, 2024
Insurance Industry
Risk Management
Technology
Auto Insurance Emerges as Surprising Factor in U.S. Inflation Trends
With the largest annual increase in nearly 50 years, auto insurance costs are unexpectedly contributing to persistent U.S. inflation, impacting overall consumer prices.
January 12, 2024
Auto
Insurance Industry
Legislation & Regulation
Risk Management
Moody’s RMS Estimates Insured Losses from Noto Peninsula Earthquake at $3-6 Billion
Moody’s RMS analysis predicts insured losses from the January 1 Noto Peninsula earthquake in Japan to range between $3 to $6 billion, covering various impacts.
January 12, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Renewed Interest in Long Term Care Insurance Amidst Rising Healthcare Costs
As healthcare expenses rise, long term care insurance sees a resurgence of interest from consumers seeking financial security for their senior years.
January 11, 2024
Insurance Industry
Legislation & Regulation
Life & Health
Risk Management
$100 Million Settlement Reached in 2018 Grand Canyon Helicopter Crash
The family of a British tourist receives a $100 million settlement for the 2018 Grand Canyon helicopter crash that resulted in five deaths, including the tourist’s.
January 11, 2024
Catastrophe
Legislation & Regulation
Liability
Risk Management
Nevada
Blizzard Triggers Power Outages and Closures in Oregon and Washington Ski Areas
Heavy snowfall and high winds cause widespread power outages and force the closure of highways and ski resorts in Oregon and Washington.
January 11, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Oregon
Washington
Florida Lawmakers Grapple with Homeowners Insurance Crisis
As Florida’s annual legislative session approaches, lawmakers focus on addressing the state’s escalating homeowners insurance crisis with a range of proposed solutions.
January 10, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Evolving Risk Landscape Demands Strategic Role for Chief Risk Officers
In a rapidly changing risk environment influenced by AI, climate change, and geopolitics, Chief Risk Officers are key to strategic decision-making, says LCP research.
January 10, 2024
Insurance Industry
Risk Management
Technology
Alaska Airlines Under Scrutiny for Continuing Flights Despite Warning Signals
Alaska Airlines faces critical questions about its decision to keep a Boeing 737 Max 9 flying over land, despite cabin-pressurization warnings, before a fuselage blowout.
January 10, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Oregon
