Tag: Risk Management

Drone Surveillance in Homeowners Insurance Spurs Regulatory and Privacy Concerns

Drone Surveillance in Homeowners Insurance Spurs Regulatory and Privacy Concerns

Increasing use of drone surveillance by U.S. homeowners insurance companies raises privacy and regulatory questions as insurers leverage aerial technology for risk assessment and underwriting decisions.

Continental General Recaptures LTC Risk from Munich Re, Enhancing Asset Base

Continental General Insurance completes risk recapture from Munich Re on life and long-term care policies, boosting assets and reserves with full risk assumption.

New Insights on Respiratory Health Impact Insurance Strategies

Explore how new respiratory health data influences insurance coverage, risk assessment, and regulatory compliance for U.S. insurers.

Tech-Enabled Claim Instigation Drives Litigation Risks in Transportation Insurance

Demotech uncovers AI-driven claim instigation tactics fueling litigation and insolvency risks in the U.S. transportation insurance sector, prompting industry-focused legislative discussions and strategic defense initiatives.

Florida Approves Insurers to Shift Tens of Thousands of Policies from Citizens

Florida regulators approve private insurers to take tens of thousands of policies from Citizens Property Insurance Corp., aiming to reduce the insurer of last resort's market share amid hurricane season risks.

Westfield Appoints Henning Haagen as Chief Underwriting Officer

Westfield Insurance names Henning Haagen as Chief Underwriting Officer to lead enterprise underwriting strategy and portfolio management, enhancing underwriting performance and profitability.

Arthur J. Gallagher Acquires Pacific Northwest Brokerage Durham & Bates

Arthur J. Gallagher expands into Pacific Northwest by acquiring insurance brokerage Durham & Bates, boosting property/casualty and employee benefits services.

Buffalo Grove Residents Face Property Damage Risks from Golf Course Stray Balls

Buffalo Grove homeowners near The Arboretum Club golf course report repeated property damage from stray golf balls, highlighting liability and reimbursement challenges.

Oklahoma Homeowners Face Rising Insurance Costs Amid Coverage Gaps for Hail and Flood Damage

Oklahoma homeowners encounter high insurance premiums and significant coverage gaps for hail and flood damage, emphasizing the importance of regular policy reviews and flood insurance amid increasing weather risks.

Baker Tilly Supports P&C Insurer in NAIC AI Governance Compliance and Maturity Assessment

Baker Tilly partnered with a mutual P&C insurer to validate compliance with the NAIC Model AI Bulletin and benchmark AI governance maturity, delivering a strategic roadmap for responsible AI adoption in insurance.