Tag: Risk Management

Social Inflation Drives Up Workers Compensation Claims Severity and Costs

Social inflation is increasing the severity and cost of U.S. workers compensation claims, driven by legal challenges, regulatory changes, and evolving claim management strategies.

Flood Insurance: Essential Coverage Homeowners Often Overlook

Many homeowners lack flood insurance despite flood risks outside high-risk zones. Learn why flood coverage and preventive maintenance are crucial for all property owners.

Palomar Holdings Outperforms with Strong Growth and Profitability in Specialty Insurance

Palomar Holdings reports strong earnings growth, premium valuations, and strategic expansion in crop and Surety insurance, highlighting its robust position in specialty insurance markets.

Unaddressed Enforcement Gaps Undermine Efforts to Lower Car Insurance Rates

Efforts to reduce car insurance rates are undermined by enforcement challenges and prevalence of uninsured drivers, with legislative reforms showing limited impact on premiums.

Insurance Gaps in Gig Economy Driving: Coverage Considerations for Rideshare and Delivery

Explore critical insurance coverage gaps for gig economy drivers, with insights on rideshare endorsements and risk mitigation strategies for delivery and rideshare workers.

TransRe Adopts Cytora AI to Digitize Facultative Reinsurance Operations

TransRe partners with Cytora to deploy AI-driven digital risk processing in facultative reinsurance, improving underwriting accuracy and operational efficiency.

Florida Homeowners Insurance Market Shows Stability Despite Local Rate Concerns

Florida's homeowners insurance market shows decade-high stability with mixed rate changes, though local consumers report rising premiums post-Hurricane Ian and limited insurer options in some areas. Regulatory filings indicate ongoing shifts in rates.

Mexican Insurance Industry Reports $908B in Premiums, Highlights Major Claims

Mexican insurance companies manage premiums of MX$908.79 billion and have paid significant claims including $3.01 billion for COVID-19. The sector faces modernization and climate risks while growing pension insurance.

State Farm Halts New Home and Business Insurance in California Over Wildfire Risks

State Farm suspends new home and business insurance applications in California due to soaring wildfire risks and rebuilding costs, highlighting challenges in the property insurance market.

Atlantic American Q2 2025 Earnings Show Strategic Turnaround in Specialty Insurance

Atlantic American Corporation reported a net income reversal in Q2 2025, driven by Medicare supplement and commercial auto premium growth, disciplined underwriting, strong capital, and diversified investment gains amid insurance sector volatility.