U.S.
Private Flood Insurance Market Growing; NFIP ‘Adrift’: AM Best
Hurricane Ian may result in one of the largest losses in the history of the National Flood Insurance Program and add to its current $20.5 billion debt. According to a market segment report from AM ...
Walmart Shooting Raises Need for Violence Prevention at Work
The mass shooting last Wednesday at a Walmart in Virginia was only the latest example of workplace violence perpetrated by an employee. But while many companies provide active shooter training, ...
Florida Special Session on Insurance Slated for Dec. 12-16
It hasn't been made official by the governor's office, but Florida legislative leaders have set a date for a second special session to tackle property insurance issues — Dec. 12 through Dec. ...
NAIC Adds ‘Deep Concerns’ to FIO Bid to Collect Climate Change Data From Insurers
In a letter to the Treasury's Federal Insurance Office, the National Association of Insurance Commissioners expressed its "deep concern" over a proposal to collect data on climate-related risks from ...
Calif. Supreme: Unclear Policy May Require Insurer to Defend Yahoo From Privacy Lawsuits
A liability insurer may have a duty to defend Yahoo Inc. from class-action lawsuits that alleged it violated the Telephone Consumer Protection Act by sending its customers unwanted text messages, the ...
Report: 90% of US Counties Hit with Disaster in Last Decade
Ninety percent of the counties in the United States suffered a weather disaster between 2011 and 2021, according to a report published last Wednesday. Some endured as many as 12 federally declared ...
FBI Director Says TikTok Poses National Security Concerns
The U.S. operations of Chinese-owned TikTok raise national security concerns, says FBI Director Chris Wray, flagging the risk that the Chinese government could harness the video-sharing app to ...
RMS: Less Than $2B in Insured Losses From Hurricane Nicole
Catastrophe modeler RMS said private market U.S. insured losses from Hurricane Nicole are estimated at less than $2 billion, with a best estimate of $1.6 billion. This estimate represents insured ...