Moody’s: Rising Flood Risks Posing Greater Challenges for Eastern and Southern U.S.
Flood risk is rising across the Eastern and Southern states from extreme rainfall, hurricanes and sea-level rise, according to a new report by Moody's Ratings.
President-elect Donald Trump's threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen ...
Guy Carpenter to Research Parametric Solutions in California, Florida
Guy Carpenter said it is starting a research project to explore the use of parametric insurance solutions in California and Florida for wildfire and hurricane risks. The effort will focus on the use ...
Embroker CEO Reflects on Tech, Insurance Journey
When it comes to leading, Ben Jennings loves winning as a team. That means tapping into the best of each team member for the betterment of the whole. But Jennings doesn't sugarcoat. He knows it's ...
Four P/C Insurers Are ‘AI Titans’; AI Impact Leaders Revealed: Research
A research firm has identified 100 insurance industry participants that are making a difference with artificial intelligence, including four insurance carriers with property/casualty insurance ...
Eyeing Specialty Focus, AXIS Transfers $2.3B of Re Reserves to Enstar
AXIS Capital Holdings Limited and Enstar Group Limited announced that they have entered into a loss portfolio transfer reinsurance agreement under which AXIS will retrocede $2.3 billion of ...
Tech Bytes: New Partnerships at ACORD, ZestyAI, Clearwater
Ping Data Technology, an insurance technology provider of artificial intelligence driven data ingestion, cleansing and geocoding solutions, and ACORD Solutions Group have announced a strategic ...
Trump Tariffs Could Intensify U.S. Trucking Industry Slump, Experts Say
California Commissioner Announces Regulation to Enable the Use of Modeling in Rates
California Insurance Commissioner Ricardo Lara on Friday announced what he's calling "first of its kind" catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a ...
AIG Leads Launch of Reinsurance Syndicate at Lloyd’s
American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd's. Commencing underwriting from Jan. 1, 2025, Syndicate 2478 will be a multi-year participant on ...
New York Considers Making Property Insurers Cover Taxi Claims Losses
New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure ...