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Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
May 9 2025 // Extreme weather is an increasingly expensive problem in the US. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won’t be keeping track.The...
Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate
May 5 2025 // Allstate Corp. CEO Tom Wilson said he does not expect auto insurers to get more aggressive on pricing as the industry’s rate increases seem to have leveled off.For the most part, Wilson explained to analysts during a...
Florida Bill Would End Board of Engineers and Other Professional Agencies, Raising Concerns for Insurance Industry
May 5 2025 // Elon Musk’s age of government efficiency has spread to Florida, with legislation that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building...
Insurance Industry Charitable Foundation Establishes Minnesota Chapter
Apr 23 2025 // The Insurance Industry Charitable Foundation, a nonprofit organization dedicated to helping communities and enriching lives, recently announced the establishment of the IICF Minnesota Chapter, part of the IICF Midwest...
Cyber Insurance Market Size Expected to Soar: Munich Re
Apr 14 2025 // Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023.In...
Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers
Apr 8 2025 // Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs.About a month after Trump looked to impose steep tariffs on China, Mexico,...
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