NOAA’s disaster database has long been a critical resource for insurers, brokers, and risk modellers. Its abrupt removal creates blind spots as hurricane season looms, impacting property insurance pricing, risk models, and underwriting accuracy, according to brokers Insurance Business spoke to.
Confidentiality provisions have been significantly reinforced, covering everything from group capital ratios to Liquidity Stress Test results, which must remain confidential and may not be disclosed, subpoenaed, or used in any private civil action. The law explicitly prohibits marketing or public comparison of these results unless to correct materially false public statements. Source link
Now in its sixth year, the Global 100 list aims to spotlight insurance professionals who have played key roles in business development, operational leadership, industry advocacy, and innovation. The individuals selected have been recognized for contributing to their organizations’ performance, advancing industry knowledge, or addressing systemic challenges in the insurance sector. Source link
That might sound logical – but not under Georgia law. The court pointed to the state’s hospital lien statute, which clearly states that a hospital’s lien applies to the patient’s cause of action (in this case, Giles’s personal injury claim), not to the patient themselves. In other words, it’s about the money recovered from the…
The updated database encompasses insured property assets with a total value of US$108 trillion, spread across 67 market portfolios in 21 countries. The countries include major markets such as the United Kingdom, Germany, the United States, and Japan. For the first time, SCS-related exposures have been broken down to include both property and motor hull…
