Despite a relatively average 2022 wildfire season, fears of wildfires remain at an “all-time high,” and those fears appear to be one driver of decision-making on property insurance. A new report from Gallagher Re shows the threat of damaging wildfires …
Insurer groups may be seeing the light at the end of the tunnel with a hint of a possible change in a regulator’s attitude toward the use of catastrophe modeling in the California market for wildfire insurers. The California Department …
At first glance, it would be tempting to write off ventures like Behavior Labs or reepher, as consumer-oriented endeavors with little more than passing interest for insurance professionals specializing in cannabis. reepher, for example, is s a new type of …
Several reasons were given within State Farm’s announcement last week the carrier was no longer writing new personal or business property/casualty policies in California – including a challenging reinsurance market, increased risks and historic increases in construction costs outpacing inflation. …
State Farm’s announcement last week that the carrier was no longer writing new personal or business property/casualty policies in California “reflects the poor underwriting experience for California homeowners’ writers,” a ratings agency said on Wednesday. Fitch Ratings issued a statement …
Nearly two dozen GOP Attorney General offices sent a letter to the Net-Zero Insurance Alliance seeking documents and information over “legal concerns brought about by commitments to collaborate with other insurers in order to advance an activist climate agenda.” The …
Toxicology by definition is the study of adverse effects of chemical, biological, or physical agents on living organisms. Cannabis and toxicology doesn’t sound like a subject that is pertinent to insurance professionals in the specialty, but knowing the business means …
The Green Rush may be gone, but now is the opportunity for the true insuring cannabis specialists to rise to the occasion and outshine the dabblers in the field. That was one takeaway from a panel of experts in the …
The National Association of Mutual Insurance Companies is airing concerns over what the group calls a “duplicative data call” issued by the Federal Insurance Office on climate change. The concerns are being expressed by NAMIC as part of a bipartisan …
Crest Insurance Group named Chester Henderson director of risk services. Henderson served in the U.S. Navy and was a Navy Seal. While in the Navy, he held numerous leadership positions, including leading the execution of risk management teams. Tucson, Arizona-based …
