As sea levels push ever higher, the question of when — and where — it will affect South Florida’s real estate market is a big one.
Author: Annie George
New Study: People Are Leaving Some Neighborhoods Due to Floods
Hundreds of thousands of neighborhoods in the United States are seeing population decline as a result of flooding, new research suggests. Those neighborhoods are often located in areas that are growing in population overall, including parts of Florida, Texas and the region around Washington, D.C.
Florida Insurance Market Shows Recovery Signs After Steep Rate Increases
Last year, lawmakers put new reforms in place, and now Florida’s insurance commissioner says the bleeding has stopped and the state is seeing improvements but is the industry finally in the clear?
Healthcare Cyberattacks Impacted More than 100M People in 2023
It appears 2023 has been a record-setting year in terms of the number of victims of cyberattacks, says John Riggi, national cybersecurity advisor for the American Hospital Association.
Office Building Owners Are Losing Hope that Occupancy Rates Will Rebound Soon
Office building owners, hammered by falling demand and high interest rates, struggled in 2023. But they mostly managed to stay afloat. That is going to be a lot harder to do next year.
Generative AI in P&C Insurance: Promise and Peril for Personal and Commercial Lines
This past year has been marked by the excitement surrounding generative AI and ChatGPT taking industries by storm.
Loss Costs Drive Negative U.S. Personal Lines Outlook; DUAE Market Grows Despite Vesttoo Bankruptcy
High losses in both homeowners and auto lines prompted AM Best to maintain a negative outlook on the U.S. personal lines segment while the rating agency also maintained a positive outlook for the delegated underwriting authority enterprises segment, AM Best analysts said in a market outlook briefing.
Salaries Surge for Experienced and Strategic Risk Professionals in 2023
RIMS 2023 Compensation Survey highlights the escalating demand for strategic and seasoned risk leaders with U.S.-based Enterprise Risk Management Directors reporting a 13.3% salary increase and risk management veterans with 25 years or more of experience seeing a 11.5% increase over the past two years.
Activision Blizzard to Pay $54M to Settle California State Workplace Discrimination Claims
Activision Blizzard has agreed to pay about $54 million to settle discrimination claims brought by California’s civil rights agency on behalf of women employed by the video game maker.
Munich Re Announces Profit Target of €5B for 2024
Thanks to consistently good operational performance in all business segments, Munich Re is aiming for a net profit of €5bn in 2024. Group insurance revenue is expected to reach €59bn in 2024, and return on investment to improve noticeably to above 2.8%.