Industry News
Insurance Industry Rejects Proposed Moratorium on State AI Regulation
A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI ...
Executives on the Move at Hamilton, Markel
Hamilton Insurance Group announced the appointments of Adrian Daws to chief executive officer, Hamilton Re, based in Bermuda, and Alex Baker to CEO, Hamilton Global ...
Nuclear-Powered Cargo Ships Promise Cleaner Transport but Could Be Hard to Insure
The commercial shipping industry is chasing a novel carbon-free propulsion technology as it pursues a lofty climate goal: nuclear power. Shipping accounts for more planet-warming greenhouse gas ...
Triple-I: New Research Suggests Link Between Litigation Funding, Attorney Ads
According to research from the American Tort Reform Association (ATRA), legal service providers spent more than $2.5 billion on 26.9 million ads in 2024 alone—with significant increases in ...
Structured Settlements Preferred Over Lump Sums, Survey Finds
Over 90 percent of structured settlement annuity recipients reported feeling financially secure when they chose structured settlements as monthly annuity payments rather than a lump sum, according to ...
U.S. Homeowners Insurance Rates Rose 40.4% in Six Years, Report Shows
U.S. homeowners insurance rates rose 40.4 percent over the past six years, with the biggest increases hitting in the last two years, a new report shows.
Rate Growth Slows, Moving Violations Increase: The Road Ahead for Auto
The auto insurance market is shifting gears. Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability. ...
End to Florida Agents’ ‘Diligent Effort’ Rule on Surplus Lines Takes Effect July 1
Florida's governor has signed House Bill 1549 into law, eliminating the requirement that insurance agents make a "diligent effort" to find coverage before placing properties with a surplus lines ...
AI Risks, Climate And Legislation Lead Verisk’s Emerging Issues Bracket
Collegiate teams that competed in the men's and women's basketball tournaments turned heads in March. Now, we're hearing about topics that made it to the final rounds of Verisk's recent emerging ...