Tag: Risk Management

Insurance Telematics Market to Reach $41.3B by 2034 with North America in Lead

Insurance Telematics Market to Reach $41.3B by 2034 with North America in Lead

Explore how the insurance telematics market is set to grow to $41.3 billion by 2034, driven by UBI models, cloud computing advances, and North American market leadership.

MountainOne Insurance Promotes Donna Bishop to Senior VP Commercial Lines

MountainOne Insurance Agency promotes Donna Bishop to Senior VP, enhancing leadership in commercial lines operations and strategic growth initiatives.

Medicare Audits Intensify: Strategic Defense with Statistical and Clinical Expertise

Medicare audits are becoming more frequent and aggressive, leading to inflated repayment demands. Learn how statistical challenges, independent coding reviews, and specialty expertise can protect healthcare providers from exaggerated audit outcomes.

AM Best Reviews Credit Ratings for Banner Life and William Penn Amid Meiji Yasuda Acquisition

AM Best maintains review status for Banner Life and William Penn credit ratings amid Meiji Yasuda's $2.3B U.S. protection business acquisition, highlighting strong financials and strategic growth.

Michigan Ranked 4th State for Auto Animal Collision Claims by State Farm

Michigan ranks 4th nationwide in auto insurance claims from animal collisions, with deer causing the majority. State Farm data reveals seasonal trends and regional risk variations, impacting insurance claims and risk management strategies.

AXA XL Highlights Corporate Energy Independence Trend and Insurance Innovations

Explore AXA XL's insights on the corporate shift to energy independence and innovative insurance solutions covering solar, battery storage, nuclear, and emerging energy technologies.

Purbeck Warns SMEs to Boost Due Diligence Amid Rising M&A Failures

Purbeck Insurance Services reports a rise in SME business failures linked to mergers and acquisitions in 2024, urging stronger due diligence and Personal Guarantee Insurance to manage risks.

Travelers Institute Launches Initiative to Address US Insurance Market Challenges

Travelers Institute launches a multi-year initiative focused on insurance availability, affordability, and regulatory impacts in the US market. Key events and industry collaboration are planned.

Verisk Reports Sharp Rise in Catastrophe Losses; NJ Workers’ Comp Managed Care Focuses on Specialized Networks

Verisk's 2025 report highlights a 25% rise in global annual catastrophe losses driven by frequent smaller events. NJ's workers' comp sector emphasizes specialized Managed Care Organizations for improved occupational injury care and claim outcomes.

NAIC Summer 2025 Meeting Advances Reinsurance, Investment, AI Oversight

Summary of NAIC Summer 2025 Meeting covering life reinsurance asset adequacy testing, offshore reinsurance risks, funding-agreement-backed programs, AI regulatory frameworks, and updates on insurance investment monitoring and accounting.