Tag: Risk Management

Amica Insurance's VP Shares Practical Steps for Managing Debt and Budgeting

Amica Insurance's assistant VP Bryanca Colvin outlines a three-step plan to help consumers manage debt, prioritize needs over wants, and choose the right insurance coverage to safeguard finances.

NSI Insurance Group Strengthens Florida Market Position with Mutual Insurance Group Acquisition

NSI Insurance Group expands in Florida's property and casualty sector by acquiring Mutual Insurance Group, enhancing risk management and market reach amid industry challenges.

Global Flood Insurance Market to Reach $52.2B by 2034, Driven by North American Demand

Explore the expanding global flood insurance market projected to reach $52.2 billion by 2034, led by North American demand, private insurer growth, and advanced flood risk analytics enhancing coverage and affordability.

Georgia Doubles Notice Period for Homeowners Insurance Cancellations

Georgia lawmakers extend homeowner insurance cancellation notices from 30 to 60 days and introduce catastrophe savings accounts with tax benefits to improve financial resilience and market stability.

High-Value Items May Lack Full Coverage in Standard Holiday Insurance Policies

Standard homeowners and renters insurance might not fully cover high-value items during the holidays, highlighting the need for scheduled personal property endorsements or specialized policies.

U.S. Terror Plot Highlights Complex Risks for Holiday-Period Insurers

Federal charges in Southern California terror plot raise critical exposure issues for holiday event insurers, highlighting challenges in terrorism modeling and political violence coverage.

Bipartisan Bill Proposes Automatic Extension for National Flood Insurance Program

New bipartisan legislation in the U.S. House seeks to safeguard the National Flood Insurance Program by enabling automatic extensions to maintain continuous flood insurance coverage amid congressional reauthorization delays.

Louisiana Homeowners Insurance Premiums Adjusted Amid Market and Regulatory Shifts

Louisiana insurance regulators approve mixed homeowners insurance premium changes as reinsurance costs decline and hurricane risk models impact rate adjustments for major insurers.

Georgia Expands Insurance Cancellation Notice and Introduces Catastrophe Savings Accounts

Georgia law extends insurance cancellation notice from 30 to 60 days and launches catastrophe savings accounts to help homeowners manage storm damage and insurance costs.

AM Best Affirms Manulife's A+ Rating Highlighting Strong Performance and Risk Management

AM Best affirms Manulife's A+ rating, citing stable earnings, strong risk management, and effective reinsurance strategies in North American and Asian markets.