Insurance

Climate events drive up claims and premiums, federally published data and state regulators efforts show. While some say more climate mitigation efforts are needed, insurers' efforts to write coverage are questioned.

Protective Life Corp., a wholly owned Dai-ichi Life unit based in Birmingham, Alabama, has decided to cede the blocks to reinsurance firm Resolution Life Group Holdings Ltd., Dai-ichi said in a statement.

The National Flood Insurance Program, estimated to cover over 4 million homeowners, is set to lapse next Friday along with the federal budget.

The insurtech enables brokers, insurers and reinsurers to optimize risk workflows by digitizing risk intake.

Roles in technology, underwriting and claims are insurance's greatest need in 2025.

Tokio Marine HCC announced Mike Schell, president of the company, will retire at the end of March.

By prioritizing strategic technology investments, MGAs can ensure long-term success and continued growth in an ever-evolving market.

The report, based on home insurance price and availability data collected by the association of state regulators from private insurers last year, confirms rising costs and non-renewals, and the impact of climate change on these increases. The U.S. Treasury's insurance office stopped short of publicly releasing the data used for the report.

Research reveals three key areas where an empathy-first approach from carriers can mitigate stress and improve the overall policyholder experience.

For wealthy and ultrahigh net worth clients, the advantages often prove very attractive. But the policies carry some sophisticated planning challenges and a high cost.