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Brokerages insight: A deep dive into Gallagher
Brokerages insight: A deep dive into Gallagher | Insurance Business America Brokerage Market Review Brokerages insight: A deep dive into Gallagher The California Surplus Lines Market Index highlights the sector’s resilience and adaptability, even amid economic and environmental challenges. These trends serve as both a gauge of market health and a strategic tool for shaping…
Hippo grows revenue but faces wildfire impact in Q1
Improved premium retention contrasts with high catastrophe burden Source link
Possible lawsuit pressures Tesla to remove collision alerts from safety score program
Advancements in vehicle technology, including the integration of Advanced Driver Assistance Systems (ADAS), have influenced collision claim frequencies and severities. While ADAS features aim to reduce accidents, the complexity and cost of repairing these systems can lead to higher claim costs when collisions occur. Source link
Hawaii to reopen hurricane relief fund after two decades of inactivity
The fund operated effectively throughout the 1990s, insuring approximately 155,000 policyholders statewide by 1999. However, as private insurers gradually returned to the market, the HHRF ceased issuing new policies in December 2000 and became dormant by 2002. Despite its inactivity, the fund maintained a reserve balance to ensure readiness in the event of future market…
Accelerated crypto regulations – what should risk managers be aware of?
“Further discussions and drafting of the Financial Innovation and Technology for the 21st Century Act (‘FIT21’) bill, which could provide greater regulatory clarity for digital assets, is expected,” he said. “This legislation aims to clarify standards for decentralisation, intermediary requirements and the potential evolution of future regulations, to support innovation and growth in the United…
Affiliate oversight ‘failures’ highlight need for structural reform in Florida
The problem, Merlin argued, isn’t the existence of affiliated service providers – it’s the lack of transparency and oversight. “Managing general agents, service companies, reinsurers all have a proper place, and they can be affiliated,” he said. “But that’s why the transactions have to be audited.” Source link