MS Amlin sees profits fall

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.  Source link

Consumer Watchdog, a nonprofit advocacy group, has also condemned the move, calling it a violation of California’s Proposition 103, which requires that insurers fully justify any rate increase before implementation. “The public deserves transparency,” said Carmen Balber, the group’s executive director. “Refunds after the fact do little for homeowners who are already struggling.” Source link

The bill, sponsored by Assemblymember Lisa Calderon (D-District 56), would authorize the California FAIR Plan to access additional financial capacity through the issuance of bonds or the establishment of a line of credit. The legislation follows a recent $1 billion assessment issued by the FAIR Plan. Source link

“This is not just about a rare fluke,” said Khanna. “The Baltimore incident forced the industry to reconsider its assumptions about the safety and stability of port infrastructure. And now, barely a year later, we have another event, albeit on a smaller scale, that again raises the same red flags.”  Source link

At CH Insurance, COLLABORATION stands at the forefront of our values, a key part of the team’s foundation. “It supports everything we do,” explains Joe Convertino, Jr., President of CH Insurance. “Both our clients and carrier partners can trust that no matter what, we’re in their corner. This commitment to leveraging our collective talents and…

At the same time, brokers must work with carriers to ensure the products fit the needs and budgets of SMEs. For Lezzi, the future of the cyber insurance sector hinges on a blend of forward-looking risk management, adaptable product design, and global education, especially for underserved market segments. Source link