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Senate seeks to curb FIO oversight
Lawmakers argue information is only requested when necessary Source link
US P&C insurance market remains stable but uncertainty looms – report
Managing risk in a shifting market “Major industry headwinds such as social inflation, natural catastrophes, climate change, trade wars, tariffs, and regulatory changes are adding to the market uncertainty,” said Vince Gaffigan, executive vice president and director of risk consulting at Lockton. “Now, more than ever, businesses should be reevaluating their insurance programs to safeguard…
Rebranded and refocused, Cotality tackles wildfire and hail risks
It is making big moves in climate risk tech Source link
North Dakota bill would shift securities oversight to insurance department
Securities regulation and insurance oversight In the US, securities regulation is primarily managed at the state level, with each state establishing its own regulatory framework. The structure and oversight of securities regulation vary across states, with some integrating securities oversight within their insurance departments, while others maintain separate agencies. Source link
Bridging the gap: How wholesale brokers are reshaping specialty insurance
‘In the world of wholesale brokerage, every day brings new possibilities to dig in,’ says regional president Source link
Litigation, cyber risks dominate D&O insurance decisions: Willis report
For the first time since 2018, civil litigation and third-party claims re-emerged among the top seven concerns, with 63% of respondents identifying them as significant D&O risks. Smaller companies, with revenues under $50 million, and mid-sized firms generating between $1 billion and $5 billion, were more likely to cite litigation as a major issue. Source…