Markets
New Florida Immigration Law Could Worsen Property Insurance Costs
If Florida insureds and insurers haven't been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida's tough new ...
J.D. Power: Auto Insurance Shopping Reaches All-Time High
The percentage of American households with cars and without auto insurance rose during the first half of 2023, and the share of customers who say they are shopping for auto insurance reached a record ...
50 Shades of Catastrophe Model Vendor Transparency
There are two players in the tug of war that is the implementation of a catastrophe (CAT) model—the user and the vendor. Users require a sophisticated CAT model that pulls together multiple ...
Humans Driving High Levels of Weather Losses: Guy Carpenter
While 2023 may well turn out to be the warmest year on record, human activities that generate carbon gas emissions aren't the only ones driving spikes in weather-related insurance losses, a ...
Perils, CyberAcuView Launch U.S. Cyber Industry Loss Index
A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by leading cyber insurers, to keep capital flowing in ...
Most Consider Insurance Pricing Factors Fair, But Half Struggle to Pay
How insurers price personal auto and homeowners policies is fair, according to most Americans, but nearly half (47 percent) said paying for coverage was a challenge, a newly-released Insurance ...
Hyundai, Kia Urge Judge to Reject Cities TikTok-Inspired Theft Lawsuits
Korean automakers Hyundai Motor and Kia Corp. on Tuesday asked a U.S. judge to reject lawsuits filed by 17 cities for failing to install anti-theft technology in millions of their vehicles. The ...
Climate Change Causing an Insurance Crisis in Louisiana
A little over a year ago, Peter Gardner, a Louisiana developer, completed rehabbing an apartment building with 144 units and got a surprise so ugly it made him decide to move his business out of ...