Forecasters from Colorado State University (CSU) stressed uncertainty in their latest outlook on Thursday for the current Atlantic hurricane season, even as they held steady the number of storms expected.
Author: Annie George
PennPSERS Seeks Damages from Aon Over Investment Reporting Error
Pennsylvania Public School Employees’ Retirement System, Harrisburg, disclosed in a statement earlier this week it has filed a lawsuit against Aon Investments USA related to an error in investment reporting.
Car Insurance Rates Already Up 17% With More Hikes Likely
Insurify’s Mid-Year Auto Insurance Trends Report reveals inflation, climate catastrophes, and state regulations contribute to rising car insurance rates in 2023.
White House Looks to Close Massive Cyber Skills Gap
The National Cyber Workforce and Education Strategy calls for government officials to work with the private sector and other key stakeholders to open foundational cyber skills to all Americans.
Insurance Agency M&A Deals Decline in H1 2023
There were 359 announced insurance agency mergers and acquisitions in the first half of 2023, down 24% from 475 in the same period in 2022, according to OPTIS Partners’ M&A database.
Insurers Are Facing More Than One Kind of Inflation
Inflation comes in many forms, and pretty much all of them are affecting insurers right now.
D&O Pricing Shows Double-Digit Drop in Q2: Aon
According to Aon’s quarterly Public Company D&O Pricing Index, the average price per million for public company directors and officers (D&O) liability insurance declined for the fifth consecutive quarter in the second quarter of 2023, down 26.8% compared to 2022.
Micro-Captive Owners Must Understand Options as IRS Pressure Grows
As the Internal Revenue Service (IRS) moves forward with the process of drafting new laws for micro-captives, what happens next is a key concern for owners of tiny captive insurance firms or those considering forming them.
NHTSA Opens Safety Probe into Complaints from Tesla Drivers That They Can Lose Steering Control
U.S. auto safety regulators have opened yet another investigation into safety problems with Tesla vehicles.
GAO Issues Analysis of FEMA’s Risk Rating 2.0
The U.S. Government Accountability Office (GAO) has issued a report on the Federal Emergency Management Agency (FEMA’s) National Flood Insurance Program (NFIP), examining several objectives, including the actuarial soundness of Risk Rating 2.0; how premiums are changing; efforts to address affordability for policyholders; options for addressing the debt; and implications for the private market.