News
Climate Change Triggers More Extreme Weather – From Deluges to Drought
Around the globe, rising temperatures stoked by climate change are increasing the odds of both severe drought and heavier precipitation that wreak havoc on people and the environment. Rainfall can ...
States’ AI-Related Legislation Aimed at Insurance Is ‘Unfounded,’ Says NAMIC
Policy discussions on the use of artificial intelligence in insurance are "unfounded" and "detrimental to policyholders," according to an analysis from the National Association of Mutual Insurance ...
U.S. Opens Probe into Nearly 1.3M Ford F-150 Trucks Over Gear Shift Risk
The National Highway Traffic Safety Administration is investigating nearly 1.3 million Ford F-150 pickup trucks in the United States over reports of an unexpected gear downshift accompanied by a ...
New Fire Maps Put Nearly 4M Californians in Hazardous Zones
New bursts of yellow dot the hills of Mendocino County, California. Smears of burnt orange now span the aqueduct near Bakersfield. A fresh splash of crimson juts east of Chico like a fresh wound. ...
Everest Group Chair Taranto to Retire, Graf to Succeed
Everest Group, Ltd. announced that Joseph V. Taranto, current board chair, will retire from the role when his term expires in May. Taranto has served as chairman of ...
Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs
Lloyd's executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5 percent premium growth while maintaining underwriting discipline. Lloyd's saw a ...
Delaware Rushes to Reverse Firms’ Threats to Leave State
For more than a century, Delaware has been the top state for businesses to incorporate due to its business-friendly climate. In fact, the state incorporated 81 percent of U.S. IPOs last year, ...
NAIC, Legislators Push to Abolish the Federal Insurance Office
Last week, the National Association of Insurance Commissioners announced its agenda for 2025, including the call to eliminate the Federal Insurance Office. This comes on the heels of legislation, the ...