Category: National News

Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017 and by 2021 will rise to almost $900 billion.  U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017 and are forecast to rise to $331.5 billion …

Amazon.com has contemplated offering home insurance as an offshoot of its development work on robots and other connected devices for the home, according to a person familiar with the discussions. The idea is that robots and other smart devices can …

The World Insurance Report (WIR) from Capgemini, in collaboration with Efma, has found Insurers face losing significant ground to the likes of Amazon, Google and Apple as a willingness from customers to buy insurance products from BigTech – coupled with a …

Insurers in the cyber insurance segment have enjoyed exponential growth in the market over the last 10 years, and that is expected to continue as the world becomes even more connected via the internet. But while the growth in business …

The U.S. Department of Transportation will provide more than $277 million to help hurricane-damaged public transportation in Texas, Florida, Georgia, Puerto Rico and the U.S. Virgin islands. The funding announced Thursday is earmarked for response and rebuilding projects related to …

This year could be another storm-heavy year. Every season is a reminder that hurricanes can be some of the most destructive events on the planet, and there’s no way to really stop them. At least, not yet. It’s possible that …

A closely watched hurricane forecast provided some good news on a stormy Thursday, despite last week’s premature start to hurricane season. Colorado State University announced a slight reduction in its initial forecast for hurricane season and now calls for six …

The Georgia Office of Insurance and Safety Fire Commissioner advised yesterday, February 21, 2018, that it is currently conducting an examination to uncover the scope of insurer surcharges relating to multi-vehicle not-at-fault accidents. “It has come to my attention that …

The National Association of Insurance Commissioners held a public hearing today, February 20, 2018, to address the reinsurance collateral provisions of the Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance

Comments have now been submitted to the National Association of Insurance Commissioners’ (“NAIC’s”) Reinsurance Task Force in advance of a February 20, 2018 public in New York City on how to proceed with reinsurance collateral reforms that could be precipitated …