As commercial property and casualty (P/C) insurance stakeholders speculate about future rate stability, the financial repercussions of Hurricane Helene remain a pertinent topic of discussion. Despite the strain inflicted by recent natural disasters, industry experts are forecasting that rates will
The Insurance Brokers Code Compliance Committee (IBCCC) has published its Annual Report for 2023-24, highlighting critical areas where the Australian insurance broking industry needs to improve. The report underscores concerns about transparency, breach reporting, remuneration disclosure, and
Adaptive Insurance has launched a groundbreaking AI-powered parametric insurance platform aimed at mitigating climate risks for businesses. The company's flagship product, GridProtect, focuses on offering immediate financial relief to enterprises impacted by power outages, which result in $150
The finance and insurance sectors are undergoing a transformative shift, driven by the rapid adoption of big data and artificial intelligence (AI). These technologies are reshaping industry practices, enhancing operational efficiency, and improving customer experiences. This article delves into the
As the business realm moves into 2025, the insurance industry is witnessing a powerful convergence of new technologies and a resurgence of small businesses returning to the market with renewed vigor. Combined with the growing presence of agile small businesses looking to innovate and grow, exciting
The Florida homeowners' insurance market, once beleaguered by insolvencies and escalating legal costs, is showing signs of recovery. This positive shift follows significant legislative reforms implemented two years ago, which have created a more stable environment for insurers. The entry of new
ProAssurance Corporation, a renowned specialist in medical professional liability (MPL), reported a net income of $16.4 million for the third quarter of 2024, bolstered by an operating income of $17.3 million. Their strategic market approach and astute financial management have led to notable
In the aftermath of Hurricanes Debby, Helene, and Milton, the state of Florida has seen an unprecedented spike in flood insurance claims, highlighting the increasing severity of tropical storms and their financial toll on communities. According to the Federal Emergency Management Agency (FEMA),
The construction sector is undergoing substantial transformations, driven by economic shifts, increased project complexity, and a growing emphasis on sustainability. David Bowcott, Executive Vice President of Platform Insurance, provides insights into how these factors are influencing the sector
A groundbreaking development in Ghana's insurance sector has been catalyzed by ETAP, Africa's leading insurtech startup, gaining the country's first operational insurtech license from the National Insurance Commission (NIC). This unprecedented license empowers ETAP to process claims, collect
