A new survey from ZestyAI finds that the insurance industry is falling behind in preparing for climate-driven risks, even as natural disasters grow more frequent, severe and costly.
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WASHINGTON, D.C.– Congressman Don Davis is calling to restore authority for the National Flood Insurance Program as part of any deal to reopen the U.S. government. Congress must act urgently to restore the National Flood Insurance Program, a lifeline for eastern North Carolina, "said Congressman Davis. In North Carolina's First District alone, more than 11,000…
The state House Insurance Committee passed a measure Tuesday to protect vaccine access, regardless of the actions of the U.S. Department of Health and Human Services, which has recently hired a number of vaccine skeptics to lead its immunization recommendation panel. Arvind Venkat, would require insurance companies in Pennsylvania to cover the full cost of…
Don Davis visited Goldsboro Tuesday to call for an end to the U.S. government shutdown and to help eastern North Carolinian families get the flood insurance and health care benefits they need. One of those concerns was Social Security payments, how the shutdown will affect them, and whether they will continue. According to the Social Security Administration, in…
Switching Sides: Many ex-insurance commissioners go straight to industry roles
The cozy relationship between state insurance regulators and industry trade associations is concerning to many observers and watchdog groups.
Senate Democratic Leader Julia Kirt led an interim study at the state Capitol looking at the increasing cost of homeowners insurance in Oklahoma. "I was surprised by reports last year that said as a share of home prices, insurance rates in parts of Enid are higher than in some neighborhoods in New Orleans, or even fire-prone parts of California.
A Northwestern University law professor who appeared before New Mexico lawmakers to discuss the effects of medical malpractice reform kicked off his presentation Tuesday by calling himself an equal opportunity annoyer. In New Mexico, where medical malpractice reform is an ongoing topic of discussion amid an exodus of doctors, his annoyance proved…
The Pennsylvania House Insurance Committee passed a measure Tuesday to protect vaccine access, regardless of the actions of the U.S. Department of Health and Human Services, which has recently hired a number of vaccine skeptics to lead its immunization recommendation panel. Arvind Venkat, would require insurance companies in Pennsylvania to cover the full…
2025 OCT 08– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Information Technology have been published. Financial support for this research came from National Aeronautics and Space Administration. Our news journalists obtained a quote from the research from the University of Arizona,“ However, convincing evaluation…
The state House Insurance Committee passed a measure Tuesday to protect vaccine access, regardless of the actions of the U.S. Department of Health and Human Services, which has recently hired a number of vaccine skeptics to lead its immunization recommendation panel. Arvind Venkat, D- Allegheny, would require insurance companies in Pennsylvania to cover the…
The Institutes RiskStream Collaborative and BluePond.AI announced a strategic partnership to address one of the property and casualty insurance sector’ s most persistent challenges: the broken flow of risk data between agents, carriers, and reinsurers. “Our collaboration with BluePond.AI is about more than just technology— it’ s about reimagining how the…
HARRISBURG— The age for colorectal cancer screenings to be covered by health insurers would shrink by five years under legislation that drew unanimous support Tuesday in the Pennsylvania House. The House Insurance Committee voted unanimously to advance House Bill 1123 closer to a floor vote. It's based on revisions to the American Cancer Society's…
Parametric wildfire insurance could revolutionize disaster recovery
The parametric model disrupts the traditional insurance system in a variety of ways.
Q: I’ m 65 andmy property taxes and insurance keep going up. Howcan I afford my house in five years? InAugust, the FederalHousingHouse Price Index measured a 2.9% increase in U.S. home values on a year-over-year basis.
RALEIGH, N.C.– While we still have more than a month left in hurricane season, October historically is the third busiest month for the storms. North Carolina Insurance Commissioner Mike Causey says this includes issues with starting a new policy or even renewing one. "Well, it affects the national flood insurance program more so than the overall insurance…
Lizzie Fletcher, Randy Weber, Troy Carter and Mike Ezell. "It is critical that Congress works to protect communities across the country from the devastating impacts of flooding," Fletcher said in a statement. Cleo Fields sent a letter to House Financial Services Committee leaders urging them to reauthorize the National Flood Insurance Program, which is set to…
As Congress negotiates a short-term deal to keep the government funded and avoid a shutdown on Oct. 1, homeowners might not be thinking about their flood insurance. If Congress doesn't act to reauthorize the National Flood Insurance Program by Sept. 30, it will lapse, leaving thousands of Texans vulnerable during hurricane season, which goes through November.
The Florida House of Representative "s Subcommittee on Insurance and Banking invited several national insurance advisers to provide an overview of insurers" use of AI in their industry, in part to address concerns that AI will be the sole driving force in claims decisions, especially by health insurers. Ways insurers use AI include spotting signs that claims…
The Coconino County Board of Supervisors hosted its third discussion in the "Wildfire Insurance Crisis" series on Tuesday, Sept. 30, and the two-hour conversation provided some clarity into how future construction in the county might be aligned with best practices for wildfire risk reduction and how those practices and new data could change insurance…
Shares of Loews Corporation (NYSE: L) traded at a new 52-week high today and are currently trading at $102.01. So far today, approximately 107.89k shares have been exchanged, as compared to an average 30-day volume of 785.85k shares. Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers […]
