Industry News
CAS Releases Additional Reports on Race and Insurance Pricing
The Casualty Actuarial Society has released two new research reports designed to guide the insurance industry toward proactive, quantitative solutions to identify, measure and address potential ...
Lloyd’s Lab Selects 11 InsurTechs to Test Decarbonization, Climate Change Solutions
The Lloyd's re/insurance marketplace announced the 11 InsurTech startups that will join the eighth cohort of the Lloyd's Lab in its 10-week program. Lloyd's Lab, the market's innovation accelerator, ...
Lexington Insurance Pulling Out of Florida, Other Markets for High-End Homes
Lexington Insurance, an AIG company, is pulling out of the Florida homeowners market, leaving an estimated 8,000 affluent customers looking for coverage. And those homeowners likely won't be able to ...
Flood Rating 2.0 Begins April 1 for NFIP Renewals, Hiking Premiums for 2 Million Homes
Starting April 1, property owners in low-lying areas across the country will see their premiums increase when they renew their flood insurance policies, thanks to the federal government's new ...
Executives on the Move at Guy Carpenter, Allstate
Guy Carpenter has appointed Julian Enoizi as global head of Public Sector, effective April 11, 2022. In this newly created role, Enoizi will work with the global team to identify opportunities to ...
California Watchdog Group Report Calls for Privacy Protections From Connected Cars
A new report from a consumer group calls out what it says are privacy problems posed for consumers from connected cars, and it points to new rules to be developed in California as a potential model ...
Floods Drive Economic Losses in 2021, but Only 25% of Risks Are Insured: Swiss Re
More than 50 severe flood events around the world caused combined economic losses of $82 billion in 2021, while insured losses stood at slightly more than $20 billion—more evidence of a large ...
Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court
The Boy Scouts of America's sexual abuse compensation fund may force insurers to make payments they can't negotiate over, even if the claims are fraudulent, a group of the companies argued in court. ...