As Florida grapples with skyrocketing home insurance premiums, a new legislative proposal could see the cost of insuring homes in disaster-prone areas spread across the entire nation.
Author: Maria Valdez Haubrich
Gulf Coast on Watch for a New Possible Storm Development Later This Week
The National Hurricane Center (NHC) has issued a notice advising residents along the Gulf Coast, including Florida, to monitor a growing tropical disturbance in the Caribbean Sea.
Hurricane Helene’s Aftermath: What Florida’s Insurance Market Can Expect
With over 50,000 claims and more than $500 million in estimated damage, the impact is widespread, but experts suggest the storm might not be as devastating to Florida insurance companies as feared.
Travelers Publishes 2024 Injury Impact Report
Analysis of 1.2 million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents; also shows first-year employees still among those most vulnerable to injury.
Marsh McLennan To Acquire McGriff Insurance Services
Marsh McLennan, a global leader in risk, strategy, and people, announced today that its Marsh McLennan Agency division has entered into an agreement to acquire McGriff Insurance Services, LLC, a subsidiary of TIH.
California Mandates IVF Coverage: Expanding Access to Fertility Treatment
California has taken a significant step forward in expanding access to fertility treatments by requiring health insurers to cover in vitro fertilization (IVF).
Hurricane Helene Threatens Over 160,000 Commercial Properties
As Hurricane Helene approaches the southeastern U.S., more than 160,000 commercial properties across Florida, Georgia, and South Carolina are at risk of damage. Moody’s estimates these properties to hold a collective value of $425.9 billion, making Helene a significant threat to the region’s real estate market.
AI is Hot: Fueling Innovation Across All Industries, Despite Financial Losses
Despite anticipating a staggering $5 billion loss on $3.7 billion in revenue this year, OpenAI’s influence is undeniable, with projections of revenue skyrocketing to $11.6 billion next year.
Pouch Insurance Launches AI Tool Empowering Agents with 24/7 Customer Access
INSTANDA, the global provider of no-code insurance platform technology, today announces Pouch Insurance has fully leveraged the flexibility of the INSTANDA platform and its extensive API capability to integrate its groundbreaking multilingual AI assistant, ‘Goodie.’
Reinsurance Market Participants Divided Ahead of January 2025 Renewals
The reinsurance market is experiencing divided opinions on the upcoming January 2025 renewals, with market participants disagreeing on whether price increases will be adequate to address rising loss trends, particularly in property catastrophe lines.