Brownyard Group®, a program administrator providing specialized insurance coverage for select industries, has announced it is taking steps to further support businesses within the cosmetics industry against the financial threats posed by product recalls.
Author: Maria Valdez Haubrich
Rising Healthcare Costs Continue to Hit Health Insurers Hard
Health insurers are facing ongoing challenges due to rising healthcare costs, a trend that has impacted their earnings and caused significant stock declines.
Mapping Landslide Risk in Alaska Faces Mixed Reactions
In Alaska, scientists are working to map landslide risks to help communities better understand and prepare for potential hazards. While such efforts aim to enhance public safety, not all residents are eager to receive this information, particularly in towns where property values and development options are already sensitive topics. Recent Landslide Events Spur Mapping Efforts… Continue reading Mapping Landslide Risk in Alaska Faces Mixed Reactions
Cybersecurity Gaps Could Be Costing Businesses More in Insurance Claims, Says Gallagher Re Study
In a recent study, Gallagher Re, a leading global reinsurance broker, uncovered a crucial link between cybersecurity weaknesses and higher insurance claims.
How Climate Change Is Increasing Maintenance Costs and Straining Insurers
The effects of climate change on buildings are becoming evident, not just through the destruction caused by storms and floods, but also through gradual damage that’s challenging insurers and property owners alike.
New Bill Proposes Tax Credit to Offset Flood Insurance Costs
On October 17, 2024, U.S. Congressman Josh Gottheimer (NJ-5) introduced a bipartisan effort aimed at easing the burden of rising flood insurance costs for New Jersey homeowners.
Insurity to Host Executive Leadership Panel on the Future of P&C Insurance
CEOs from the P&C insurance industry will reveal how they are driving innovation, shaping leadership strategies, and leading industry transformation to meet the demands of 2025.
Hurricanes Helene and Milton Push Auto Insurance Claims Sky-High
From flooded cars to crushed trucks, hurricanes Helene and Milton left a trail of destruction that’s now adding pressure to an already rising trend in auto insurance rates.
Fading October Storm Risk in the Atlantic
As October winds down, the Atlantic hurricane season seems to be calming, with the odds of another named storm this month rapidly diminishing. Hurricane Milton may go down in history as the final named storm of October 2024.
Property and Casualty Insurance Business Report 2024
The “Property and Casualty Insurance – Global Strategic Business Report” report has estimated the global market for Property and Casualty Insurance is projected to reach US$5.3 Trillion by 2030.