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| | | | | | | Comprehensive. Integrated. Strategic. | | | | For effective onboarding, compliance, compensation, and optimization, top carriers trust Sircon, the industry's most comprehensive distribution management platform. | | | | | | | | Vertafore | | | | | | | | |
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Today's Headlines
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October 11, 2024 |
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There is no federal law that requires the disclosure of litigation funding agreements in court cases, but some disturbing insight has been found in individual jurisdictions that have rules to increase transparency, according a panel on the topic at the American Property Casualty Insurance Association's (APCIA) annual meeting. "We don't know the extent of it... read more
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Reinsurers will have some meaningful losses from Hurricane Milton but a replay of the shocking price hikes cedents experienced during Jan. 1, 2023 renewals isn't likely to repeat for 2025, Fitch Ratings said. A day after Milton made landfall as a Category 3 near Siesta Key, Fla., Fitch noted that Milton will push insurance industry... read more
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Hurricane Milton threatens to swamp Florida's troubled property-insurance market, potentially pushing prices higher and threatening coverage in a storm-prone region that already has the highest insurance costs in the nation. The storm threatens a state that has been shunned by national insurers, leaving residents to seek coverage in a market where commercial providers regularly fail... read more
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Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider. Coalition published its 2024 Cyber Claims Report: Mid-year Update, which details emerging cyber trends and their impact on policyholders through the first half of 2024. The frequency of using ransomware as an attack... read more
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The global economy could be exposed to losses of $14.5 trillion over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains, according to a report published by Lloyd's, the insurance and reinsurance marketplace. With more than 80 percent of the world's imports and... read more
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Just before Hurricane Milton made landfall on the West Coast of Florida, state officials pushed through an emergency rule aimed at insurance companies in an effort to deter unfair claims practices and post-storm fraud. The Hurricane Milton CFO Emergency Rule 69BER24-4 prohibits desk adjusters from modifying initial estimates, unless the revised estimate: Indicates all estimates... read more
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The Small Business Administration could run out of money to fund disaster loans in the wake of Hurricane Helene's devastation. As is typical after a disaster, the government is offering aid to small businesses that were in Helene's path. The SBA is offering disaster loans for small businesses in some counties in Florida, Georgia, North... read more
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In today's quickly transforming insurance landscape, speed to market is ...
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When a covered claim results in a policyholder's home being uninhabitable, ...
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This episode of Between the Lines provides an update on the effects of global ...
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Generative AI adoption in P&C is inevitable.
Adoption is already underway, ...
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60% of insurance providers say that claims represent their greatest customer ...
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