Virginia tightens surplus lines insurance broker rules, offers relief for public transit insurers

Executive change aligns with rising interest in parametric and captive products Source link

How much does foreseeability matter for a workman’s shoddy construction work to be covered? Source link

Health insurance premiums in the US ​In 2024, the United States experienced a significant increase in health insurance premiums. The average annual premiums rose by 6%, reaching $8,951 for single coverage and $25,572 for family coverage. This uptick was primarily driven by escalating medical costs and heightened utilization of healthcare services. Source link

Your Yard’s Health. The more the leaves pile up and begin to break down, the more difficult they’ll be to clear away. If it snows before you’ve had a chance to rid your yard of them, they’re likely to stay on your lawn all winter, where they’ll block sunlight and encourage the growth of mold…

“I think the challenge is how can you control that? Because you wouldn’t, as an insurance company, declare overnight that everybody is allowed to write software to change pricing models,” he said. As a result, the question for the market is how to make sure that this technology is pointing in the right direction, which…

At the same time, UFG has embraced technology to navigate this turbulent landscape. Advanced catastrophe modeling, in particular, has reshaped the company’s ability to assess risk. “We’ve improved data capture and integrated new CAT modeling tools, allowing us to better analyze exposure and decide where we want to grow,” Salazar said. The models blend internal…