U.S. insurers paid out more than $1 billion in dog-related injury claims in 2022, a double-digit percentage increase over 2021 even though the number of claims decreased within that timeframe.
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Tremor Launches Division to Address Residual Insurance Markets
Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, has announced the launch of Tremor Public™ to address residual insurance markets which are publicly funded insurers of “last resort”.
Amwins Hires New Underwriter for TUMI
CHARLOTTE, N.C. (Apr. xx, 2023) – Amwins, a global distributor of specialty insurance products and services, today announced it has hired Tisha L. Baptist to join Trinity Underwriting Managers (TUMI), part of Amwins Underwriting. TUMI specializes in designing, marketing and underwriting niche transportation programs on a nationwide basis through a network of appointed retail agents.… Continue reading Amwins Hires New Underwriter for TUMI
Study Says Climate Pattern Changes Could Push More Hurricanes Toward U.S. Coasts
Changes in air patterns as the world warms will likely push more and nastier hurricanes up against the east and Gulf coasts of the United States, particularly in Florida, according to a new study.
Commerce Dept. Agency Launches Inquiry on AI Use, Trustworthiness
A U.S. Commerce Department agency has launched an investigation into how businesses and regulators can ensure that artificial intelligence systems are reliable, legal, and ethical.
Banking Risks, Inflation, Interest Rates Create Headwinds for Global Economy: IMF
According to the International Monetary Fund (IMF), global economic growth is slowing as a result of the volatile banking sector, high inflation, and rising interest rates.
U.S. States Consider PFAS Ban on Cosmetics
A growing number of state legislatures are considering bans on cosmetics and other consumer products containing PFAS, a class of synthetic, potentially hazardous chemicals.
Drought Conditions in Florida Hits Ranchers, Growers
Florida is experiencing an intensifying drought, one of the worst in a decade, putting a strain on cattle ranchers and growers.
Commercial Rates Up in First Quarter 2023
The composite rate for commercial property and casualty rates increased in a deliberate, modest fashion in the first quarter of 2023 at plus 5%.
EPA to Propose New Vehicle Pollution Cuts, Sees Big EV Jump
The Environmental Protection Agency is set to propose new rules as early as next week to encourage sweeping cuts in vehicle emissions pollution, which will push automakers toward a significant increase in electric vehicle sales.