In a move signaling a deeper commitment to economic equity, Illinois regulators have refined the mechanism for tracking supplier diversity within the state's powerful insurance sector, introducing updated procedures that demand careful attention from all covered entities. This guide breaks down the
For property and casualty insurers, the path to profitability is a tale of two powerful engines, each running on a different fuel yet collectively driving the same financial vehicle forward. On one side is the methodical precision of underwriting discipline, and on the other, the opportunistic
A landmark initiative set to unfold this March will see state regulators deploy a new assessment tool designed to peer into the increasingly complex world of artificial intelligence systems used by insurance carriers. As the National Association of Insurance Commissioners (NAIC) prepares to launch
With a sharp dissent warning of "virtually boundless obligations" for insurers, a recent Colorado Court of Appeals ruling has sent ripples through the industry. In a first-of-its-kind decision, the court penalized an insurer $35,600 for a delayed policy disclosure, even though the policy ultimately
A business commitment memorialized in a detailed document but missing a final signature can create a treacherous legal gray area, leaving all parties uncertain whether their obligations are truly enforceable. This common scenario blurs the line between a preliminary draft and a binding contract, a
Today we're joined by Simon Glairy, a leading expert in commercial insurance and risk management for the non-profit sector. He's here to unpack the escalating insurance crisis threatening the very foundation of foster care in America. We'll explore the real-world impact of skyrocketing premiums,
