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New York bill proposes state-backed home equity insurance
State-issued equity coverage would pay out the difference between a home’s insured value and its eventual sale price — provided the owner has lived in the property for at least three years. Claims would be denied if the equity loss stems from owner neglect of the property’s condition. A newly created Home…

Lights, camera… catastrophe? How film productions are navigating climate risk
Location selection and risk mitigation for the film industry In the film industry, tax credits are financial incentives offered by governments, usually at the state, provincial, or national level, to attract film, television, and commercial productions to their jurisdictions. These incentives reduce the overall cost of production and can make a location significantly more financially…

Shareholders push Chubb on emissions, SEC agrees
The proposal was submitted by Green Century Capital Management Inc., on behalf of the Green Century Equity Fund. The group argued that many of Chubb’s industry peers, including Travelers, American International Group, and Hartford, have gone “beyond their legal disclosure obligations” to provide a more complete picture of their financed and insured emissions. Source link

Insurance moves: Hinterland Insurance, NJM Insurance and HDI Global
New CEO at NJM Insurance Carol Voorhees (pictured right), currently executive vice president and chief operating officer at NJM Insurance, has been appointed president and CEO. She will succeed Mitch Livingston, who will retire on July 31, 2025, after 19 years with the company. Source link

No additional oversight needed for Georgia’s insurance affiliate agreements – commissioner
P&C insurance affiliates P&C insurers in the United States often operate through complex affiliate structures, encompassing various subsidiaries and affiliated entities which are meant to diversify risk, optimize tax strategies, and comply with state-specific regulations. Source link