Tag: Risk Management

2025 LexisNexis Report Reveals Key U.S. Auto Insurance Market Trends

The 2025 LexisNexis U.S. Auto Insurance Trends Report analyzes 2024 market data revealing rising driving violations, increased policy shopping, and a return to profitability in the auto insurance sector.

Mercury Insurance Fortifies Risk Mitigation Team Amid Growing Climate Risks

Mercury Insurance appoints Steve Bennett to lead climate and catastrophe science efforts, focusing on risk mitigation strategies to sustain property and casualty insurance in high-risk areas affected by extreme weather events.

2025 P&C Insurance Market Faces Catastrophe Losses Amid Pricing and Capacity Shifts

The 2025 U.S. commercial P&C insurance market navigates record catastrophe losses, rising premiums, and evolving underwriting amid inflation and regulatory shifts.

HCI Group Expands Catastrophe Reinsurance Program for 2025-2026 Treaty Year

HCI Group finalizes expanded catastrophe reinsurance program for 2025-2026 treaty year with over $3.5 billion coverage across three towers, supporting Florida and national insurance policies.

Illinois Bars Life Insurers From Denying Coverage or Charging More Based on Felony History

Illinois enacts HB 2425 banning life insurance companies from denying coverage or increasing premiums solely due to felony convictions, impacting underwriting and market dynamics.

Underestimating Flood Risk: Implications for U.S. Homeowners and Insurance Coverage

Many U.S. homeowners underestimate flood risk due to reliance on outdated FEMA flood zones, exposing them to high costs without proper flood insurance coverage. Learn about NFIP coverage limits and tools for better flood risk assessment.

The Hartford and QBE Advance Telematics and Cyber Coverage for Evolving Risk Landscapes

Explore how The Hartford enhances telematics initiatives with people-centric strategies and how QBE addresses SEC cyber disclosure gaps with new insurance coverages, supporting risk management for insurers and clients.

7% of U.S. Homeowners Lack Property Insurance Due to Cost Barriers

Federal Reserve data shows 7% of U.S. homeowners are uninsured due to high property insurance costs, highlighting market and regulatory challenges.

Evolving Property Insurance Strategies Amid Increasing Catastrophic Risks

The U.S. property insurance market is adapting to rising catastrophic losses with refined underwriting, reliance on the E&S market, and enhanced risk mitigation strategies.

Evolving Property Risks and Medication Management Propel Insurance Industry Adaptation

Explore how increasing catastrophic events and complex medication risks among elderly patients are reshaping property and health insurance strategies, with insights from Nationwide and Humana.