The risk we’re still not pricing accurately: Climate
As extreme weather events outpace building codes, Victor’s Yvonne Castillo says the design and construction industry must face a hard truth—climate risk is no longer future tense
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In today’s turbulent economy, few industries feel the impact of inflation as acutely as the construction sector. Inflation has caused unprecedented material costs, casting a shadow of uncertainty over construction projects, large and small. Alongside material challenges, companies can expect other consequences of the construction inflation rate, such as project delays and increased operational costs….
When does self-defense turn to murder – and how can insurance differentiate
Trial support, carry law shifts reshape protection priorities Source link
These insurance businesses have been hit the hardest by the stock market crash
Life and specialty insurance follow Lastly, the life and specialty insurance segments fell 15.7% and 12.4%, respectively, in the first five days following the tariff announcement, according to Yahoo Finance data. Despite both sectors seeing momentary spikes upwards, they remain 15.7% and 12% below pre-tariff levels, respectively. Source link
Florida lawmakers revive effort to repeal no-fault auto insurance
Under Florida’s no-fault system, drivers are required to carry $10,000 in PIP coverage to cover their own medical expenses regardless of fault in an accident. However, critics argue that the $10,000 limit, unchanged since 1979, is insufficient to cover modern medical costs. Source link
Tokio Marine enjoys massive leap in net income
In response to these results, the group raised its full-year adjusted net income forecast to ¥1.04 trillion, an increase of ¥40 billion from the earlier guidance. The firm projects this momentum will continue into fiscal 2025, with an adjusted net income forecast of ¥1.10 trillion, representing a 3% rise year-on-year. The adjusted return on equity…
State Farm in court after insurance agent puts wrong information on certificate
It’s insurance policy v insurance certificate when contractor has serious accident Source link