The bill’s sponsors argue that the initiative will stabilize property insurance rates, improve accessibility, and attract insurers to the Idaho market. A statement accompanying the

The NAIC’s budget outlines eight major priorities for 2025, each expected to have a fiscal impact of at least $100,000 or require over 1,150 hours

“David’s thought leadership and energy is inspiring. He will play a vital role in advancing proactive reforms and defensive priorities that promote and protect a

A government spokeswoman also said that potential disasters, such as the California wildfires, were accounted for in revenue projections. The calculations incorporated historical data, risk

 Among these, severe convective storms accounted for US$64 billion, or 41%, of the total insured losses. This marks two consecutive years of heightened insured costs

The global insurance industry has so far weathered broader economic challenges, with natural disasters in the US continuing to play a critical role in determining

“Severe weather events are increasing in frequency and severity, and consumers are looking for faster, more proactive solutions from their insurers,” said Chris Lafond, chief

“While each fire is unique, for context, actual claims following a fire have historically represented, on average, about 31% of the total exposure in that

Anthony R. O’Donnell // January 21, 2025 (Dan Schuleman, co-founder and CEO, and  Shiv Sinha, co-founder and CTO of Qumis. Source: Qumis.) Qumis (Chicago) a

Anthony R. O’Donnell // January 17, 2025 (Image source: ACORD.) The adoption of ACORD standards in the reinsurance sector is leading the way toward broader