It’s Not FAIR: Carriers flee, brokers scramble, and survival means reinventing the game
One wholesale broker’s view on FAIR problems – and where the next great opportunity might be coming from
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Top tips for cyber risk prevention
In the latest edition of Insurance Business TV, At-Bay Insurance’s Ken Reigler discusses the company recently being named as a five-star cyber insurance provider. He talks about the company’s evolution, cyber risk mitigation and offers tips for retail brokers operating in the space. Source link
Minnesota LTC reform to include pre-2015 policies under partnership eligibility
Under the proposed amendment to Minnesota Statutes 2024, section 256B.0571, subdivision 6, partnership status would be extended to eligible policies that meet criteria in sections 62S.23, subdivision 1, paragraph (b), and 62S.312, even if issued before July 2015. It would also apply to policies exchanged after July 1, 2006, under section 62S.24, subdivision 8. Source…
NCRB requests increase in mobile home fire insurance rates
The rate adjustments will affect approximately 148,000 policyholders. The first increase will take effect on Sept. 1, with the second set to begin on Aug. 31, 2026. Under the terms of the agreement, insurers cannot request another rate increase until Sept. 1, 2027, the insurance department said. Source link
Insurance Development Forum launches new webpage on risk modelling tools
The development of the tools was funded by IDF insurance industry members, including AIG, Aon, AXA, Convex Insurance, Guy Carpenter, Howden, RenaissanceRe, SCOR, and WTW. Several tools were developed in partnership with Oasis and Maximum Information. The launch reflects ongoing collaboration between public and private sector organisations, including re/insurers, modelling firms, development banks, and global…
Final chance: join top industry leaders at Women in Insurance Summit Chicago 2025
This year’s summit is bigger than ever, uniting top industry executives, rising stars, and change-makers for a day of powerful conversations and career-defining connections. With leaders from WTW, Assurant, HUB International, Nexus Group US, and Munich Re – plus a special keynote from Emmy-winning anchor and investigative reporter Molly Grantham – you’ll gain the insights…
Fifth Circuit rules against Allied World in $10 million sprinkler system insurance dispute
The Fifth Circuit found that under Louisiana law’s one-year prescription period for products liability claims, Allied’s lawsuit was time-barred. The court ruled that RISE Residential, acting as an agent for the developer Provident Group-Flagship Properties, LLC, had constructive knowledge of the root cause well before the July 23, 2020 deadline. That knowledge, the court said,…