“The shift towards EVs demands innovation in underwriting and risk assessment, while IoT offers a chance to enhance personalization through data-driven insights. By embracing these

Another low-pressure system, Storm Herminia, brought additional windy conditions to the UK on Jan. 26-27, but its impact is not expected to be significant. Looking

The company anticipates its strongest earnings quarter of the year in the fourth quarter of 2024, exceeding the $18.9 million in after-tax net income reported

Regional preferences for flood insurance providers also varied. Midwestern respondents expressed a preference for private insurers, citing higher coverage limits and greater flexibility. In contrast,

Mercer, Marsh’s HR and investment consulting unit, posted Q4 revenue of $1.5 billion, a 3% increase (5% underlying). Growth was led by Wealth (up 4%

Wildfire losses are likely to have a major impact on the insurance industry’s first-quarter earnings. The majority of insured losses will be shared among standard

According to Squaremouth, emergency medical claims became the highest-paid and most frequently claimed benefit for the first time in more than 10 years. Claims under

For example, a senior care facility in Tifton, Georgia, located within the 20-mile radius coverage area for Helene, had a $65,000 insurance limit. Under its

Parametric insurance provides predetermined payouts when specific triggers – such as extreme weather conditions, supply chain delays, or non-damage business interruption events – are met.

Budd noted the ongoing debate over the latter. She said some companies might believe existing policies, like cyber, general liability, or errors and omissions (E&O)