Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 – marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …
Global Commercial Insurance Rates Down, Marking 2nd Consecutive Quarterly Drop Read More »
USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report $1 billion or more in payouts for the destructive blazes that burned thousands of properties. The company, which is among …
USAA Becomes 3rd Insurer to Report $1B-Plus in Claims So Far for LA Wildfires Read More »
DOXA Expands Executive Leadership Team DOXA, headquartered in Fort Wayne, Indiana, hired five new executive leadership team members. Matt Bishop joined the team as head of operating entities and business verticals. He has nearly 20 years of insurance leadership experience, …
Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related storm surge along the coast of the U.S. Developed with parametric flood insurance provider Floodbase and Swiss Re Corporate Solutions, …
Aon, Floodbase, Swiss Re Team on Parametric Storm Surge Solution for US Hurricane Read More »
Special insurer Markel said it is realigning its U.S. professional liability products into four pillars: management liability, errors & omissions (E&O), cyber, and financial institutions. “After careful consideration and evaluation, we believe this streamlined underwriting approach will lead to improved …
Markel Reorgs Professional Liability Products Read More »
RALEIGH, N.C. (AP) — North Carolina Gov. Josh Stein asked state legislators Monday to roughly double their spending so far on recovery from Hurricane Helene, warning that waiting will cause more business closings, housing construction delays and students falling behind. …
NC Governor Tests Lawmakers With Hurricane Helene Recovery Funding Request Read More »
Florida’s 2025-2026 state budget, as proposed by Gov. Ron DeSantis, would provide some $600 million for home and condominium hardening grants – almost triple what lawmakers approved for the popular programs last year. In his budget posted this week, DeSantis …
DeSantis’ Budget Would Triple Funding for Wind Mitigation Grant Program Read More »
Newswise — In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors impacting organizations. Indeed, several studies have shown that cyber risk (i.e., the probability of being the victim of a successful …
Viewpoint: Cyber Risk and AI – The Changing Landscape Read More »
Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, has announced the launch of a D&O and PI combined facility for financial institutions in the UK, Europe and the Caribbean, backed by a $10 million Lloyd’s …
Markets/Coverages: MGA Rokstone Expands Portfolio Into Financial Institutions Read More »
Australia has banned DeepSeek AI services from all government systems and devices, becoming one of the first countries to take direct action against a Chinese artificial intelligence startup that shook Silicon Valley and global markets this year. Home Affairs Minister …
Australia Bans DeepSeek From Government Tech Over Security Read More »
