As wildfires become increasingly frequent and severe in Colorado, homeowners are struggling with skyrocketing insurance rates and the looming threat of nonrenewal notices. To address this growing issue, House Bill 1182 has been introduced, aiming to reform the practices of insurance companies by
In October 2024, Hurricane Milton unleashed its fury on Jennifer Reynolds' home, resulting in significant damage and a tedious, long-drawn process of claiming insurance. A tree crashed into her house, making it unlivable and forcing her to navigate the challenging insurance landscape. As
As we continue to navigate the rapidly evolving landscape of homeowners insurance in 2025, understanding the transformation occurring within the industry is vital for both borrowers and mortgage servicers. Over recent years, unprecedented challenges have emerged in this sector, creating a need for
The rising cost of private medical insurance in Malaysia is a growing concern for many. With medical claims surging and the complexity of insurance policies, stakeholders are seeking innovative solutions to curb expenses and enhance patient care. One promising avenue is the adoption of digital
The global casualty reinsurance market is currently navigating a complex landscape marked by the challenges of social inflation and growing reserve concerns. Despite these pressures, capacity remains abundant, driven by investor interest and structural advantages inherent in casualty lines. The
In an unprecedented year for cyber insurance, businesses have faced a significant increase in cyber insurance claims and financial losses, primarily driven by third-party risks. The data, compiled by Resilience, a cyber risk solutions provider, underscores the critical role third-party
Artificial intelligence (AI) has long been heralded as a game-changer for various industries, and insurance is no exception. Recent insights from a survey conducted by insurance technology provider RDT highlight the enthusiasm for AI's potential. According to the survey, a striking 85% of
The marine mutual insurance sector is experiencing notable changes as insurers like NorthStandard, the UK P&I Club, Gard, Steamship Mutual, and West of England P&I Club project growth in premium income amid rising large claims. These insurers are facing numerous challenges within the global
In a move that could set a precedent for other states, Wisconsin Governor Tony Evers has expressed his intention to make Wisconsin the first state to implement routine audits for health care claim denials. Governor Evers announced his plan on February 18, aiming to address the issue of widespread
In recent years, the increasing frequency and severity of natural disasters, driven by climate change, have exposed significant weaknesses in traditional insurance systems, highlighting the urgent need for more effective relief mechanisms. As homeowners face the devastating consequences of
