A convergence of rising insurance premiums, accelerating climate disasters, and a nationwide housing affordability crunch is creating a ripple effect that threatens to destabilize key segments of the U.S. economy.
Tag: insurance
Risk Strategies Releases State of the Insurance Market 2025 Outlook
Risk Strategies has officially released its much-anticipated State of the Insurance Market 2025 Outlook report, offering businesses and individuals critical insights into the evolving dynamics of the global insurance landscape.
New Bain Report Highlights Key Insurance Industry Challenges and Strategic Opportunities
A newly released report by Bain & Company, Bridging the Protection Gap: Affordability, Access, and Risk Prevention, outlines the evolving dynamics of the global insurance industry.
California Commissioner Backs Bill to Enhance Homeowners’ Privacy and Insurance Transparency
The Commissioner of California, Ricardo Lara, announced last Friday his support for new legislation designed to safeguard homeowner privacy and improve transparency regarding how insurance companies use aerial imagery.
Colorado Advances Legislation to Expand Insurance Discounts for Consumers
The Insurance Rebate Reform Model Act (SB25-058), a bill aimed at updating Colorado’s insurance regulations, has passed the House Business Affairs and Labor Committee with unanimous support.
Insurance Workforce Trends in 2025: Growth, Challenges, and Shifting Priorities
The Q1 2025 Insurance Labor Market Study by The Jacobson Group and Ward, Aon’s Performance Benchmarking Division, offers valuable insights into staffing expectations, revenue growth projections, and the shifting workforce landscape.
Insurance Industry in 2025: Top Trends and Predictions from Novidea
Novidea, a global provider of cloud-based insurance management solutions, has unveiled ten key predictions shaping the insurance sector across the U.S. and the U.K.
UMass Awards Student $10,000 After Halftime Contest Controversy
In a dramatic turn of events, the University of Massachusetts has decided to pay a student the full $10,000 prize for a halftime basketball contest after an insurance dispute called the validity of his winning shot into question.
Insurers Suing Norfolk Southern to Recoup Derailment Losses
A group of insurance companies filed a subrogation lawsuit against Norfolk Southern seeking to recoup on claims paid to cover damages from the February 2023 train derailment and subsequent release of toxic chemicals in East Palestine, Ohio, according to documents filed at the U.S. District Court for the Northern District of Ohio.
Insurance Critical to Mobilizing $10 Trillion of Committed Climate Transition Investment: Howden
According to a new report from Howden, more than half of the $19 trillion committed to financing the climate transition through to 2030 will require additional insurance, suggesting that corporations should engage the industry from an early stage in their climate risk management planning to secure adequate supply of capacity and long-term coverage.