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Insurance moves: Highstreet, BHSI, NFP, and DUAL
Industry veterans take on new roles amid shifting market needs Source link
What is driving the rise of mental health in workers’ compensation?
As of January 2024, 31 states, plus the District of Columbia, allow workers to file claims for mental health conditions arising from work-related factors, according to new data from IB+. This is accompanied by a decrease in workers’ compensation premiums and losses to $42 billion and $19 billion, respectively, in 2024, down from $45 billion…
New Jersey becomes 50th state to adopt best-interest standards for annuities
New rules aim to protect buyers by aligning with SEC and NAIC guidelines Source link
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…
If this bill passes it will eradicate Florida’s insurance market – FJRI
Industry groups, however, warned the bill threatens the fragile recovery of Florida’s insurance market. Katelyn Ferry, representing the Florida Justice Reform Institute, argued the proposal could reverse recent progress. “Make no mistake: If this bill passes, it’ll eradicate Florida’s insurance market,” Ferry said. She credited previous reforms with curbing premium hikes and attracting new insurers…
Arch Capital sees earnings pressure from first-quarter catastrophes
Underwriting strength highlighted by consistent core performance excluding catastrophes Source link