Industry News
Foundational, Leadership-Driven Education High Priority in Insurance
Foundational learning remains a high priority for insurance and risk management professionals, according to The Institutes Knowledge Group's annual Skills Report. Risk assessment, coverage analysis, ...
Erie Insurance: ‘No Evidence’ of Ransomware in Outage; TMNA Updates
Erie Insurance said it has "seen no evidence of ransomware and there is no indication of ongoing threat actor activity" in a June 17 update on its 10-day long network outage. That statement would ...
Insurance Industry Rejects Proposed Moratorium on State AI Regulation
A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI ...
Executives on the Move at Hamilton, Markel
Hamilton Insurance Group announced the appointments of Adrian Daws to chief executive officer, Hamilton Re, based in Bermuda, and Alex Baker to CEO, Hamilton Global ...
Nuclear-Powered Cargo Ships Promise Cleaner Transport but Could Be Hard to Insure
The commercial shipping industry is chasing a novel carbon-free propulsion technology as it pursues a lofty climate goal: nuclear power. Shipping accounts for more planet-warming greenhouse gas ...
Triple-I: New Research Suggests Link Between Litigation Funding, Attorney Ads
According to research from the American Tort Reform Association (ATRA), legal service providers spent more than $2.5 billion on 26.9 million ads in 2024 alone—with significant increases in ...
Structured Settlements Preferred Over Lump Sums, Survey Finds
Over 90 percent of structured settlement annuity recipients reported feeling financially secure when they chose structured settlements as monthly annuity payments rather than a lump sum, according to ...
U.S. Homeowners Insurance Rates Rose 40.4% in Six Years, Report Shows
U.S. homeowners insurance rates rose 40.4 percent over the past six years, with the biggest increases hitting in the last two years, a new report shows.
Rate Growth Slows, Moving Violations Increase: The Road Ahead for Auto
The auto insurance market is shifting gears. Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability. ...