The recent election of Prime Minister Keir Starmer's new Labour government has generated a positive response from key stakeholders in the UK insurance industry, including Lloyd's, the Association of British Insurers (ABI), and Previsico. These leaders see the new government's agenda as a promising
The recently concluded Illinois legislative session has brought significant changes, especially benefiting small businesses and reforming health insurance protocols. This article delves into the key outcomes, exploring new tax incentives, healthcare reforms, property tax challenges, and ongoing
The insurance industry is confronting unprecedented pressures driven by escalating climate-related risks, forcing insurers to significantly adjust their strategies, premiums, and risk management methodologies. As natural disasters grow in frequency and severity, this shift becomes critical not only
Risk assessment is an essential process embedded in the operations of diverse industries, serving as a critical tool for identifying, analyzing, and mitigating potential risks. In a world where hazards can significantly impact business continuity, public safety, and environmental stability, the
In the realm of business, insurance serves as an essential tool for mitigating risks. Understanding the integral role it plays in safeguarding a company's assets is vital. This involves delving into the core principles that shape the insurance sector, as well as examining the meticulous
Introduction to the Regulatory Reform Act Senators Tim Scott and Joe Manchin have crossed the aisle to propose the Business of Insurance Regulatory Reform Act—a testament to the safeguarding of a longstanding American tradition: state-based insurance regulation. This bipartisan initiative seeks to
