Industry News
Q1 2025 Property Claims Count Hits 5-Year Low: Verisk
The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in tornado activity to "Tornado Alley," but claim ...
Foundational, Leadership-Driven Education High Priority in Insurance
Foundational learning remains a high priority for insurance and risk management professionals, according to The Institutes Knowledge Group's annual Skills Report. Risk assessment, coverage analysis, ...
Erie Insurance: ‘No Evidence’ of Ransomware in Outage; TMNA Updates
Erie Insurance said it has "seen no evidence of ransomware and there is no indication of ongoing threat actor activity" in a June 17 update on its 10-day long network outage. That statement would ...
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 Specialty, based in London, ...
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 ...