Wildfire fallout – insurers set to reassess risk, tighten policies in California

“Traditionally, investing assets on behalf of insurance companies was a relatively straightforward matter of matching assets and liabilities. Now, not only are insurers looking to invest in higher-yielding private asset assets, it also makes sense for them to invest more in equity or equity-like structures,” Zhu said, pointing to a recent investment in a “sidecar”…

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…

Her career began as an actuary at AIG before moving into underwriting, where she held senior positions, including president of American Home Assurance Company. She later joined Praetorian Insurance Company, which was acquired by QBE, where she served as president of QBE Specialty and chief actuary for QBE’s Americas division. Before TMHCC, she was president…

Deal boosts transportation focus and strengthens broker network across the Southwest Source link

Despite acceleration of technology, risk takers are key for insurance companies, says industry veteran Source link

The California Department of Insurance has been under pressure to stabilize the market, introducing new rules that allow insurers to factor in future climate risks when setting rates. However, these regulations have yet to take full effect, leaving insurers frustrated with a system that, they argue, does not allow them to charge premiums that reflect actual risk….