U.S.
Opinion: Consumers Pay the Price as Regulatory Interference Drives Property Insurance Market Instability
Many states are facing a growing affordability and availability crisis in property insurance markets, and it's not just because of climate change. While climate change is leading to more severe and ...
National Flood Insurance Program Extended to Mid-December
Late last week President Joe Biden signed legislation passed by Congress to extend the National Flood Insurance Program's authorization to Dec. 16, 2022. "NFIP reauthorization is an opportunity for ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
Judge Dismisses Mexico Lawsuit Against Gun Manufacturers
A U.S. federal judge on Friday dismissed a lawsuit brought by the Mexican government against U.S. gun manufacturers arguing their commercial practices have led to bloodshed in Mexico. Judge F. Dennis ...
Former PG&E Execs Agree to $117M Settlement for Wildfires
Former executives and directors of Pacific Gas & Electric have agreed to pay $117 million to settle a lawsuit over devastating 2017 and 2018 California wildfires sparked by the utility's ...
Insurers Warn California’s Inaction Threatens Auto Policies
Top U.S. insurance companies and associations say California is risking a crisis in the nation's largest automobile insurance market by refusing to approve any rate increases for more than two years, ...
Gun Violence Costs the U.S. $557 Billion a Year
Gun violence that causes tens of thousands of U.S. deaths each year — far more than any other developed nation — is having a significant, negative impact on the country's economy, Harvard Medical ...
U.S. Starts Criminal Probe Into PG&E Role in California Wildfire
Federal officials have initiated a criminal investigation into PG&E Corp.'s potential role in starting California's largest wildfire of the year. On Sept. 24, the U.S. Forest Service removed one ...
Hurricane Ian Turning Toward Tampa Area and $258B in Replacement Value
Florida property insurance experts have long warned that a powerful hurricane strike on a major metropolitan area could result in catastrophic losses and the insolvency of more carriers. Those ...