Fidelity Estimates $172,500 in Retirement Healthcare Costs; Financial Services Embrace Digital Shift
Fidelity projects $172,500 healthcare costs for 65-year-olds retiring in 2025, as financial services accelerate shift to digital customer channels.
Water Damage Coverage Gaps Highlighted in Recent Wisconsin Floods
Recent Wisconsin floods revealed common homeowner insurance exclusions for groundwater and flood damage, emphasizing the need for endorsements and mitigation strategies.
NAIC Faces Calls for Enhanced Transparency on Insurance Risk Scoring
The NAIC is urged to recommend stronger consumer transparency and appeal rights related to undisclosed risk characteristics in property and casualty insurance, addressing rising premiums and coverage issues.
Chubb Names Kim Hare Head of North America Property Claims
Chubb appoints Kim Hare as senior VP of North America property claims to enhance claims strategy and digital experience amid evolving market demands.
U.S. Captive Reinsurance Growth Advances Amid Market Rate Hikes
The U.S. captive reinsurance sector continues steady growth with rising profitability and expanded market penetration, driven by rate increases and regulatory updates.
CCC and Elitek Advance AI Automation in Collision Repair and Insurance Tech
CCC Intelligent Solutions and Elitek enhance collision repair automation with AI-driven workflows, boosting efficiency in the P&C insurance claims process.
Wall Street Issues Bearish Price Targets on Select Insurance and Tech Stocks
Wall Street sets cautious price targets on Kratos, Trimble, and Selective Insurance Group amid market volatility and tariff impacts. Analyze valuation ratios and market recovery trends relevant to insurance professionals.
Chubb Limited Announces Key Leadership Changes in Surety Business
Chubb Limited promotes Steve Haney to President and CUO of Global Surety and Teresa Black to Division President of North America Surety, signaling strategic leadership in underwriting and profit management within its Surety business segment.
Growth of Foreign Reinsurance in U.S. Life Insurance Market: ALIRT Update
ALIRT Research reports on the rapid growth of foreign reinsurance in the U.S. life insurance and annuity sectors, exploring regulatory implications and industry impact.
Florida Homeowners Insurance Rates Largely Rise Despite Market Reforms and New Entrants
Majority of Florida homeowners continue to face rising insurance premiums despite recent legal reforms and new market insurers. Data from state regulators shows ongoing rate pressures amid inflation and market restructuring.