Insurance products and industry updates
Florida's insurance market shows signs of recovery, with reduced fraud and plunging premiums due to recent tort reforms, though challenges remain.
Parametric insurance is expanding rapidly due to advancements in data reliability, providing faster payouts and coverage for new risks, even amid a softening market.
A recent Tennessee case highlights the need for precise job descriptions in workers’ compensation to aid physicians in fair return-to-work evaluations.
Cumulative trauma claims in California are driving increased medical-legal costs and litigation, raising concerns among insurers and employers.
Power generation capacity in the U.S. is rapidly expanding, fueled by data center demand, creating new market dynamics and risk considerations.
Global reinsurers demonstrate high financial strength amid diverse exposures, critical for managing risk and supporting the larger insurance industry.
Christina Montes De Oca, CEO of Coface North America, shares how trade credit insurance adapts to uncertainty and evolving market demands.
As organizations evolve, understanding and addressing cyber risk is crucial. Effective incident response plans and clear vendor roles can significantly mitigate exposure.
As social media use among teenagers increases, parents face new challenges, prompting legal actions and legislation aimed at safeguarding youth mental health.
Insurers are increasingly focusing on the effective use of telematics and safety tech for fleet insurance, shaping risk evaluations and pricing strategies.
The excess and surplus lines insurance market is witnessing slower growth, particularly in property segments, amid increased competition and lower rates.
As AI accelerates cyberattacks, organizations must adapt their defenses more swiftly, optimizing tools and strategies to counter rapidly evolving threats.
NFP's Peer Connect initiative enhances professional growth through increased mentorship and engagement, expanding its reach after a successful pilot.
Marsh Risk’s innovative approach secured over $2 billion in insurance for TerraPower's Natrium reactor, marking a significant revival in nuclear project underwriting.
LIRG, founded by Mark Groenheide, is redefining insurance by creating tailored solutions for unaddressed risks, including a unique cyber warranty.
FM's innovative digital hub leverages AI to enhance risk management, offering policyholders instant access to engineering insights and data-driven analytics.
Clarifying tax planning, projections, and strategy boosts client understanding and advisor compensation, unlocking greater value in tax advisory services.
A Delaware court has ruled that an excess insurer must cover a securities firm’s defense costs in a significant arbitration case, emphasizing the complexity of D&O coverage allocations.
A Massachusetts court ruled MAG Mutual must fund Dr. William O’Connor's legal defense over allegations of stalking and improper prescription practices.
A North Carolina appeals court ruled that heat safety violations did not allow a worker to bypass the workers' compensation system for damages.