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FEMA’s New Flood Maps Mean More Homes Require Flood Insurance: Cotality
New changes to FEMA's flood maps mean that thousands more residential properties are now located within the high-risk Special Flood Hazard Area (SFHA), according to a Cotality alert. Within more than ...
Future Cyber Catastrophe Events May Be Different, Yet Not Unknown
Cyber catastrophe excess-of-loss protection, commonly referred to as Cyber Event XoL, has become an increasingly important tool for managing systemic cyber accumulation risk. As cyber portfolios grow ...
The $400,000 Chief of Staff Is the CEO’s Secret Weapon in the AI Age
A growing number of corporate leaders, buckling under the stress and uncertainty of the AI age, are looking for a very human solution: A chief of staff. Postings for the job more than doubled last ...
The Technology Taking Parametric Insurance Mainstream
This year, a series of market reports and industry developments call out a clear trend: Parametric insurance is entering the mainstream. Research & Markets' Parametric Insurance Market Report ...
Lawsuit Alleges LA Dodgers Owner Mark Walter Failed to Disclose Federal Probe to Policyholders
Los Angeles Dodgers owner Mark Walter and multiple insurance companies he owns have been sued, alleging they failed to disclose an ongoing federal probe to customers while directing policyholders' ...
Why Automation-First AI Falls Short in Specialty Lines
A system can identify every limit, exclusion and endorsement in a policy and still get the coverage analysis wrong. It may read every page yet miss how an endorsement changes the coverage grant, ...
Levers and Guardrails: How Growth Is Being Built at Hippo
At Hippo, growth is no longer about writing more of the same business. It is about shifting with market conditions and using artificial intelligence to make operations more efficient. Speaking with ...
Men Sentenced in Multi-State Stolen Construction Equipment Scheme
The last of four defendants was sentenced this week in a multi-state theft ring that altered vehicle identification numbers on a variety of equipment used at construction sites, according to the U.S. ...
In Bots We Trust? For Insurance?
Accenture's Michael Reilly imagines a world in which AI agents do the shopping for personal lines insurance — a world where price may no longer determine a customer's decision about which carrier's ...
The Great Miami Hurricane: What a 1926 Catastrophe Reveals About Modern Coastal Risk
The Great Miami Hurricane of 1926 is often treated as a historical anomaly, a ghost from a different era of risk. In reality, it resembles a modern catastrophe scenario. When the storm made landfall, ...
Nearly 100% of U.S Now Covered by NOAA’s Flood Mapping Tool
NOAA's National Weather Service announced that Flood Inundation Mapping (FIM), a tool for predicting river flooding, has expanded from prior coverage of 60% of the country to 100%. The experimental ...
AI Data Center Boom Creates New Risks, Opportunities for Insurers
The rapid expansion of artificial intelligence is creating a wave of data center construction and, along with it, unprecedented risks and opportunities for insurers. "This has certainly taken over ...
Federal Bill Seeks to Reduce Work Week to 32 Hours
Federal legislation to reduce the work week from 40 hours to 32 was reintroduced last month by Representative Mark Takano (CA-39), a senior member of the House Education and the Workforce Committee, ...
An Already Intense Pacific Hurricane Season With a Long Way to Go
It's already been an intense hurricane season in the Pacific Ocean — and there's still quite a ways to go. Tropical storms have spawned in what seems like assembly-line fashion in recent weeks, as ...
Building Trusted Insurance Brands: How Nationwide Delivers Tangible Value to Customers
It's something Martha Stewart has been "hinting" about since late July—a destination for homeowners that combines maintenance and warranty protection reminders, and maybe insurance information, all ...
Amazon Cargo Plane Pilots Weren’t Warned About Wind Before Miami Crash: NTSB
Despite regulations requiring it, an air traffic controller failed to tell the pilots of an Amazon cargo plane about the potential for strong tail winds as they landed in Miami, careening off the ...
Resolve, Triage, and Enrich: What Makes the First Mile of Intake Work
Insurance teams are continuously trying to reduce friction at intake. Prefill and enrichment are workhorses in that effort. Prefill populates fields, standardizes entries, and removes busywork that ...
US States Allege Corteva Spinoff a Bid to Evade PFAS Liabilities
Fifteen US states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company's best assets from tens of ...
Viewpoint: What U.S. Insurers Should Learn From the EU AI Act
On August 2, the EU AI Act took effect. For the first time, new rules for both providers and deployers of AI systems are operating under a single risk-based framework. It imposes stricter ...
Exiting California’s FAIR Plan
Having steered clear of Altadena since late March 2025, shortly after the Eaton fire tore through the community, I decided to return this past weekend. My hopes were high for a sustained recovery. ...
Help Me Understand: How Insurers Build Trust
The data is clear: Overall customer satisfaction—and customer trust levels—rise when U.S. auto and home insurance customers have confidence that they understand their policies. But more than 40% ...
Emerging Risks to Watch: Quantum Computing, Data Center Buildout, and Peptides
Emerging risks rarely arrive fully formed. They evolve at the edges of innovation, where opportunity and uncertainty intersect. Advances in areas like quantum computing, AI infrastructure, and ...
How a Kelvin Wave Is Raising the Sea Level Along the West Coast
Sea levels along the West Coast will begin to rise by up to a foot this month as a series of pulses of warm water called Kelvin waves hit the shoreline and move north, sparking concerns about beach ...
When Builder’s Risk Coverage Doesn’t Reach the Finish Line
If there's one certainty in construction, it's that projects rarely finish exactly as planned. Contractors, developers and brokers understand that schedules change. Something that receives far less ...
Finding Safer Ground: How Parcel-Level Data Is Redefining Wildfire Risk in California
The Golden State has experienced significant insurance-market disruption in recent years, with some carriers reducing exposure or limiting new business in portions of the state. Many insurers ...
Why Organic Mentorship Is Insurance’s Best Retention Tool
There are an estimated 1.4 million insurance professionals aged 55 or older, which translates to a 6-to-1 ratio of retirement-eligible veterans to young entrants. This means that hiring new talent ...
Viewpoint: Insurers Are Automating the Front Office While Ignoring the Function That Determines Trust
If you listen to how insurance leaders talk about AI, you will think underwriting is the center of the universe. Risk scoring. Pricing precision. Portfolio optimization. These are important, ...
Exclude It, Harness It, Get Greedy: McGavick’s Take on Insurers’ AI Playbook
Mike McGavick, the former chief executive of XL Group and Safeco Insurance, sees exciting possibilities ahead for AI to refocus the insurance industry on the problems it is designed to solve. But ...
The Impact of Claims Experiences on Trust
There are a lot of indexes published that measure trust in various industries. One that caught my attention recently is the Fairer Finance Spring 2026 Trust in Insurance Index. It wasn't the ...
Head of Environmental Firm Sentenced to Prison for Asbestos Left at Chicago Worksite
A federal judge has sentenced the president of an environmental services company to more than six and a half years in federal prison for knowingly leaving asbestos at a suburban Chicago demolition ...
Building Trusted Insurance Brands: Less ‘Gotcha’ at Farmers
Less "gotcha." More "we got you." Whether it's the new website banner, a chorus dressed in light pink singing a jingle on TV commercials, or popups in the middle of articles about insurance (I get a ...
Viewpoint: The One Thing Holding Back Insurers’ AI Efforts
Insurers have been racing to adopt AI tools over the past 24 months. However, just like organizations in other sectors, most insurance companies have struggled to turn these investments into the ...
California Tops List of Homes Facing Extreme Wildfire Risk, Mitigation Cuts Risk up to 70%
New analysis classified over one million California homes at very high wildfire risk, while showing that property-level mitigation can cut expected losses by up to 70%, according to data released ...
Lawsuits Allege Six Flags Magic Mountain’s X2 Roller Coaster Caused Traumatic Brain Injuries
Three people who went to California's Six Flags Magic Mountain have filed lawsuits saying they were left with traumatic brain injuries from the park's famed X2 roller coaster that is advertised as a ...
Why Your Boss Matters More Than Remote or Hybrid Work When It Comes to Burnout and Job Satisfaction
The post-pandemic push to bring workers back to the office has left many nostalgic for more flexible arrangements, such as hybrid or remote work. But a wealth of data since the pandemic now suggests ...
Zurich Insurance Group Completes Acquisition of Beazley, Names New Leadership for Insurer
Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) acquisition of Lloyd's insurer Beazley, effective Oct. 1. Beazley shares were suspended from the London Stock Exchange on Oct. ...
Cyber Threats the Top Business Concern as AI Heightens Risk: Travelers Risk Index
The rapid growth and lack of governance or regulation in the use of artificial intelligence has once again made cyber threats the top concern among businesses. According to the latest Risk Index from ...
Texas Reports Downward Trend in Home, Auto Insurance Rates
New data indicates that homeowners insurance companies that filed rate changes with the Texas Department of Insurance (TDI) since July 1 proposed decreases, affecting about 700,000 Texas ...
Insurance Regulators Defend State-Led Model in Reply to Warren
The National Association of Insurance Commissioners defended its supervision of Wall Street's influence over insurers and their bets on private credit, as the group seeks to dispel US Senator ...
Viewpoint: Surplus Lines Insurers Offer Vital Cover for Growing Tech-Driven Industries
As technological advancements become more ingrained in the development of entirely new industries and change the nature of existing industries, accessing needed coverage for complex risks through ...
Federal Legislation Targets Auto Insurance Fraud With Steep Penalties
Earlier this month, federal legislation was introduced to make motor vehicle collision fraud a federal crime, according to a joint press release by Congresswoman Laura Gillen (D-NY-04) alongside U.S ...
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In
Nick Kosiavelon, an insurance defense attorney in Massachusetts, tells the story about some plaintiffs' lawyers he faced off against in a recent brain-injury lawsuit. He said within an hour of seeing ...
Prioritizing Support for Job Seekers to Improve Recruiting Success
Technology advancements have brought a lot of positive things to the job search process, but it comes with the loss of personalization--something that is crucial to recruitment. One way you can avoid ...
AI Data Center Boom: Understanding How Risks Are Changing
The U.S. data center market is expanding rapidly, driven by artificial intelligence, advanced encryption, cryptocurrency mining and other emerging technologies. New data center construction is ...
Zurich US Names Wells as CEO
Zurich U.S. has selected Alex Wells to serve as chief executive officer. He takes the helm from Sierra Signorelli, who stepped down. The promotion takes immediate effect but is still subject to ...
Another Perspective: Shaking Hands and Teaching Trust at Reinsurance Broker Holborn
When the chief executive officer of reinsurance broker Holborn read a recent article in Carrier Management introducing a series of articles on trust in insurance, it struck a chord with the leader. ...
Hurricane Lowell Estimated Damage to Hawaiian Islands Between $.5B and $1B: Cotality
Insured losses from Hurricane Lowell are estimated at $0.5 billion to $1.0 billion, with most of the damage expected on Kauai, according to insight by Cotality. Hurricane Lowell passed just west of ...
Nearly 100% Chance of a Mediterranean Tsunami Within Next 30 Years
A tsunami could hit the French Riviera before a warning reaches people on the beach, according to a UNESCO alert. Some scenarios show the first waves could reach shore in under 10 minutes. France's ...
Cargo Theft a Top Concern for Majority of Retail Loss Control Leaders
A new survey of 150 U.S.-based loss and organized retail crime prevention leaders finds that 81% report it has become more organized in recent years, while 79% say their organization is more ...