In a groundbreaking shift that has reverberated through the financial and insurance industries, a federal appeals court ruling has redefined the landscape for fractional life insurance policies, classifying them as securities under federal law. This decision, emerging from the Ninth Circuit Court
In the idyllic landscapes of Hawaiʻi, a troubling trend has emerged that threatens the stability of countless homeowners: insurance companies are increasingly refusing to cover properties deemed too risky due to their proximity to the ocean or the age of their structures. This growing crisis has
Marine insurance, an industry historically rooted in the protection of ships and seafaring cargo, is undergoing a profound transformation, and Berkshire Hathaway Specialty Insurance (BHSI) stands as a pioneering force in this shift, steering the sector toward innovative horizons. Under the adept
In the aftermath of the COVID-19 pandemic, the United States’ unemployment insurance (UI) system faced an unprecedented test, revealing deep cracks in its outdated infrastructure as millions of claims overwhelmed state agencies, leaving countless Americans waiting weeks or even months for critical
As artificial intelligence continues to weave its way into the fabric of industries and everyday life, the risks tied to this powerful technology are becoming increasingly apparent, sparking a pressing need for specialized protection. From autonomous vehicle mishaps to algorithmic biases and
In the ever-evolving world of global reinsurance, a compelling shift is unfolding as industry players are increasingly drawn to uncharted and high-stakes territories like the cyber insurance market to diversify their portfolios and fuel growth. Amid a softening market environment where supply
