Claims

Marine Insurers See Premium Growth Amid Rising Claims and Market Shifts
Insurance Marine Insurers See Premium Growth Amid Rising Claims and Market Shifts

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

February 27, 2025
Why Are PI Claims Against Solicitors So Prevalent and Persistent?
Insurance Why Are PI Claims Against Solicitors So Prevalent and Persistent?

Professional indemnity (PI) claims against solicitors have become a prominent issue within the legal sector, with more than half of PI cases in the High Court directed at these legal professionals. Such trends underscore the significant liability risks faced by solicitors due to the highly

February 26, 2025
Will Wisconsin Lead in Routine Audits for Health Care Claim Denials?
Risk Management Will Wisconsin Lead in Routine Audits for Health Care Claim Denials?

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

February 26, 2025
Will Escalating Costs Push California Homeowners Out of Insurance?
Insurance Will Escalating Costs Push California Homeowners Out of Insurance?

As the costs of living in California continue to rise, homeowners face a new dilemma with the recent approval of insurance rate hikes by major carriers Mercury General and Safeco. This decision is expected to have a significant impact on thousands of homeowners, renters, and condo owners across the

February 24, 2025
Bradford Joins Simcoe Insurance Pool to Save $1.94M Over Five Years
Insurance Bradford Joins Simcoe Insurance Pool to Save $1.94M Over Five Years

Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Today, Simon shares insights into the decision by Bradford to join the County of Simcoe's insurance pool and what this means for the

February 21, 2025
Navigating Cyber Insurance: The Importance of Robust Security Measures
Insurance Navigating Cyber Insurance: The Importance of Robust Security Measures

In an age where cybercrime is evolving at breakneck speed, the financial implications of cyberattacks have become a looming threat for businesses of all sizes. The projected increase in cybercrime costs, set to reach a staggering $24 trillion annually by 2027, has led insurers to tighten their grip

February 21, 2025
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