The property and casualty insurance sector is poised for significant changes in 2025, driven by a variety of economic trends. These trends include persistent inflation, rising healthcare costs, wage inflation, and adjustments in Federal Reserve policies. Understanding these factors is crucial for
The property and casualty (P&C) insurance industry is on the brink of significant transformation as it approaches 2025. Customer expectations are evolving rapidly, driven by technological advancements and shifting risk landscapes. Insurers must adapt to these changes to stay competitive. This
The escalating threat of floods in the UK is becoming a significant concern, with profound implications for the financial stability of the housing market and the banking system that supports it. Although the UK currently mitigates this risk through a collective insurance program known as Flood Re,
The life insurance industry is experiencing a significant transformation driven by the integration of advanced technologies like artificial intelligence (AI), big data, and blockchain. These innovations are fundamentally changing the landscape of life insurance, impacting how insurers assess risk,
Element Fleet Management Corp., the world’s largest publicly traded, pure-play automotive fleet manager, has announced the launch of Element Risk Solutions. This new offering is a fully integrated risk management service that combines insurance coverage placement with industry-leading claims m
In a landmark decision in February 2024, the Supreme Court clarified the enforceability of choice-of-law clauses in marine insurance contracts under federal maritime law. The unanimous 9-0 decision in Great Lakes Insurance SE v. Raiders Retreat Realty Co., LLC, authored by Justice Brett Kavanaugh,
