CRC, Preferred Employers, Arden, McGowan and Newline Group

With deer season upon us, your chances of hitting a deer are much higher during fall months. Stay safe while on the road with these tips from the University of North Carolina Highway Safety Research Center. 1. Be cautious while driving during dusk or dawn Deer are most active during sunrise and sunset, especially during…

Mercury Insurance, headquartered in Los Angeles, offers personal auto, homeowners, and renters insurance in several states through independent agents. The firm outlined several ways uninsured drivers impact insurance rates. When more drivers are uninsured, insurance companies face increased risk because they must cover more accident-related costs. As a result, insurers raise rates for all policyholders,…

What are the three phases of value? According to KPMG, the “enable” phase emphasizes building AI foundations by appointing responsible executives, creating AI strategies, identifying high-value use cases, increasing AI literacy, and ensuring regulatory alignment. This phase also involves launching AI pilots, utilizing cloud platforms, and leveraging pre-trained models with minimal customization. Source link

How are industries adapting their risk management? Source link

“Privacy resilience is an organisation’s ability to withstand, adapt and recover from adverse privacy events, whether regulatory inquiries or enforcement, legislation, lawsuits or public scrutiny,” she said. “It encompasses more than just strong data protection mechanisms; it includes flexibility — the capacity to adapt to new regulations, technologies and unforeseen incidents with minimal disruption.” Source…

Factors contributing to premium increases,  Transparency options,  Definitions of “affordability” in rate-setting,  Methodologies for incorporating affordability into pricing, and  The financial condition of private passenger auto insurers and potential responses to excess profits.  The workgroup will include members of the state legislature, the Insurance Commissioner, MAIF’s Executive Director, and…