News
NY Proposes Plan to Stabilize Broken Taxi Insurance Market
New York Governor Kathy Hochul proposed measures to stabilize the city's taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance ...
Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says
The U.S. Treasury's Federal Insurance Office last week released what it called the "most comprehensive data on homeowners insurance in history." Weeks after a U.S. Senate committee released a study ...
Executives on the Move at Everest Group, Zurich NA, Arch Capital, Plymouth Rock and Intact Financial Corp.
Everest Group has appointed Jim Williamson as president and chief executive officer, effective immediately.
Williamson was most recently ...
Trump May Be a Net Positive for the Jobs Market, Randstad Says
Donald Trump's presidency is likely to be a net positive for the jobs market, according to the chief of the world's largest provider of employment services.
Home Insurance Costs in the U.S. More Expensive in Areas of Extreme Weather: Study
Homeowners in areas most at risk of damage from hurricanes, wildfires and other climate perils pay far more for insurance than those who live in the least exposed areas, according to a U.S. Treasury ...
Cargo Theft Surges to Record Levels in 2024
2024 saw record-breaking cargo theft activity across the United States and Canada, with 3,625 reported incidents representing a 27 percent increase from 2023, according to global data analytics and ...
Los Angeles Wildfire Ash Might Contain Toxins, Experts Warn
Toni Boucher threw up the first time she saw the charred remains of her home and neighborhood after this month's deadly Los Angeles-area wildfires. Now she wonders if it's worth it to go back to sift ...
Wildfire-Risk Models Are Struggling to Predict LA-Style Fires
Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate ...
‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association
A January 2025 report from the Geneva Association, titled Insurance in a Fragmented World Economy, found that geopolitical tensions have driven the global economy toward "geoeconomic fragmentation." ...