Industry News
National African American Insurance Association Charters 3 New Chapters
The National African American Insurance Association (NAAIA) announced the chartering of three new chapters: Arkansas, Colorado and Los Angeles. The three new chapters join these 18 existing and ...
Holiday Theft Trends; Driver, Hauler Tips For Protecting Precious Cargo
Networking equipment, tequila and footwear were high on the list of thieves intercepting cargo shipments during the 2020 holiday season, Verisk's CargoNet reported yesterday. CargoNet also offered ...
Social Media a Key Driver of Political Risk in Emerging Markets: WTW
New technology such as social media has become a key driver of political risk in emerging markets, according to Willis Towers Watson's Political Risk Index Winter Update. The report notes that ...
U.S. Tornadoes Have Pushed Insurers’ Weather Claims Above $105B for 2021
Devastation from tornadoes that slammed parts of the United States this month will push the insurance industry's 2021 bill for weather-related claims well above the predicted $105 billion, industry ...
Idaho Commissioner Cameron to Lead NAIC in 2022; Other Officers Named
During the Fall 2021 National Meeting last week, Idaho Insurance Director Dean L. Cameron was elected 2022 of the National Association of Insurance Commissioners, and Missouri Insurance Director ...
Florida’s Citizens Seeks Maximum Rate Hike for Homeowners
The board of governors for Citizens Property Insurance Corp., Florida's state-backed insurer of last resort, wants the maximum allowed rate increased – 11 percent for next year and 12 percent for ...
FWD Group Cancels U.S. IPO Plan, Pivots to Hong Kong Instead
FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China tightens its grip on overseas listings. The company said in a filing ...
NAIC Forms New Committee on Innovation, Cyber, Emerging Tech
Members of the National Association of Insurance Commissioners voted on Dec. 16, 2021, to form a new Innovation, Cybersecurity, and Technology (H) Committee to address the insurance implications of ...