The U.S. Senate Budget Committee convened on Wednesday to explore the growing impact of climate change on the insurance industry, focusing on a study that highlighted increasing non-renewal rates of homeowner insurance policies across various states. The hearing, led by Chairman Sen. Sheldon
Aon's Climate Risk Monitor has been significantly enhanced through a collaboration with flood expert, Fathom, aimed at offering clients improved flood risk assessment capabilities. Initially launched in March, the Climate Risk Monitor enables clients to visualize and analyze their exposure to
The Global Federation of Insurance Associations (GFIA) recently held its general assembly in Cape Town, South Africa, where it appointed Stephen Frank as its new president. Frank, who has over 20 years of experience in the financial services sector and has been the CEO of the Canadian Life and
The latest capital poll conducted by Aon, a global insurance and reinsurance broking group, unveils significant expectations and insights into the projected growth of US insurers by 2025. An overwhelming majority of US insurers are optimistic about their growth prospects, with most expecting to
In a move reflecting its rapid growth and innovative approach, Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has recently secured a three-year capacity agreement with MS Reinsurance and a multi-year analytics services agreement. These developments are a testament to the
The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters' insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the event of an emergency. Winter-related damage can
