NSW gains $800 million funding; insurers link with Qld program – Daily – Insurance News
The flood-hit NSW Northern Rivers region will receive $800 million in federal and state government funding for home-raising, retrofitting and buy backs, while in Queensland...
LL Surplus Lines Series (Entry 35): Surplus Lines Working Group Exposes Changes to IID Plan of Operation for Alien Insurers
On October 19, 2022, the National Association of Insurance Commissioners (NAIC) Surplus Lines Working Group exposed proposed changes to the International Insurers Department (IID) Plan...
Revealed – how US insurers compare when it comes to exiting fossil fuel support
According to this year’s scorecard, European insurers Allianz, AXA and Axis Capital rank best for their coal exit policies, while Aviva, Hannover Re and Munich...
Insurers elevate their focus on loss control to enhance risk forecasting
Let’s talk about jellyfish risk for a moment. I saw lots of them on vacation this year at Gulf Shores, Alabama every day! In a...
Insurers Must Embrace These Two Keys for Growth
In the year 2000, there were 10,000 banks in the United States. At the end of 2020, there were roughly 5,000. In 2021, at least...
National Conference of Insurance Legislators Condemns Life Insurers Life Settlement-Like Transactions
At the recent Summer 2022 NCOIL Meeting held in Jersey City, New Jersey, the National Conference of Insurance Legislators adopted a resolution admonishing certain life...
Big Data for Insurers: Clarity about the New Connecticut Requirements
The Connecticut Insurance Department issued a revised Notice to All Entities and Persons Licensed by the Connecticut Insurance Department concerning the Usage of Big Data...
Louisiana gets extra reinsurance for Citizens to cover policies of failed insurers
Louisiana’s Department of Insurance said that it has arranged extra reinsurance to secure coverage for policyholders affected by the failure of a number of coastal...
Two key enablers for insurers seeking long-term growth | Insurance Blog
In this series of posts, I’ve talked about why personal lines and small commercial insurance carriers need to focus on reinventing the customer experience from...