Tag: risk management

Florida's Citizens Insurance Proposes First Rate Cut in a Decade

Florida's Citizens Property Insurance proposes its first rate decrease in 10 years, cutting premiums by 2.6% on average for noncommercial property insurance statewide, signaling market progress.

Homeowners Insurance Costs and Coverage Insights Across the U.S.

Explore key factors affecting homeowners insurance costs in the U.S., including coverage types, deductible impacts, regional risks, and how to find competitive quotes.

Small Business Insolvency Gap Widens as Cyber Claim Costs Rise 30%

Analysis reveals a 22-to-1 gap between small business cash reserves and rising cyber claim costs, emphasizing the need for adequate cyber liability and business interruption insurance.

US Commercial Insurance Rates Rise Moderately with Stabilization Signs in Q3 2025

US commercial insurance rates increased by 3.8% in Q3 2025, reflecting ongoing market stabilization and varied rate changes across coverage lines, per WTW’s CLIPS survey.

Loyola University Maryland Receives $10M Gift to Advance Nursing and Risk Management Education

Loyola University Maryland secures a $10 million gift from Ellen and H. Edward Hanway to enhance nursing programs and launch a financial risk management degree, advancing healthcare and insurance education.

Evercore Reports Rising Social Inflation Pressuring U.S. Casualty Reserves

Evercore ISI highlights intensifying social inflation in U.S. casualty insurance, evidenced by rising court awards and settlement values, pressuring reserves and impacting casualty rate trends in the property & casualty market.

Homeowners Insurance Nonrenewals Surge Amid Climate Risks in Florida, California

Nonrenewal rates for homeowners insurance have sharply increased in Florida and California due to rising climate risks and insurer risk management strategies, impacting coverage availability and market stability.

Winter Weather Warning in Philadelphia Signals Potential Insurance Claims Increase

Philadelphia winter weather warning issued as storm approaches, prompting potential rise in insurance claims for property and auto damage. Key insights for insurers and risk managers.

Executive Protection Firm Insurance Market to Reach $3.05B by 2029

The executive protection firm insurance market is forecasted to grow to $3.05 billion by 2029, driven by rising security threats, increasing high-net-worth individuals, and expanding corporate travel risks. North America leads market share while Asia-Pacific shows fastest growth.

The Importance of Umbrella Insurance for Enhanced Liability Protection

Explore how umbrella insurance provides additional liability coverage beyond standard policy limits, protecting against extensive legal and financial risks for homeowners and renters.