2+ day, 10+ hour ago   (816+ words) The UK insurance market contributes around £29 bn annually to the economy and supports more than 300,000 skilled jobs, according to a report from the Association of British Insurers. Around two-thirds of those positions are located outside London, giving the sector a…...

2+ day, 10+ hour ago   (719+ words) In 2021, FEMA introduced Risk Rating 2.0, the National Flood Insurance Program still carries about $2.6 bn in annual premium subsidies, according to Neptune Flood Research Group. The remaining discounts are concentrated heavily among long-standing policyholders, non-primary residences and higher-value properties. FEMA introduced…...

2+ day, 10+ hour ago   (434+ words) The Association of British Insurers has published two new guides for insurance and pension firms supporting people affected by economic and domestic abuse. The guidance was developed with Surviving Economic Abuse and the Employers’ Initiative on Domestic Abuse. The guides…...

2+ day, 15+ hour ago   (625+ words) Certua Life has partnered with employee benefits platform Heka to offer individual life insurance through its Surely brand. Employees at companies using Heka can now arrange cover through the benefits platform, with policies starting from £5 a month for qualifying customers....

1+ week, 1+ day ago   (336+ words) Starr and media company Goalhanger have launched The Risk Briefing, an executive event series examining geopolitical developments and their effect on corporate risk. The invitation-only sessions will be held at Lloyd’s of London for Starr’s brokers, clients and business partners....

1+ week, 1+ day ago   (460+ words) A Florida judge has effectively dismissed a lawsuit accusing former Lighthouse Property Insurance executives of misleading investors about losses tied to Hurricane Ida. Orange County Circuit Judge Chad Alvaro granted summary judgment on Aug. 31 in favor of former Lighthouse CEO…...

1+ week, 1+ day ago   (458+ words) Howden Re has partnered with Synthetik Insurance Technologies to launch UNREST, an analytical model for strikes, riots and civil commotion risk. The platform is designed for insurers and reinsurers assessing SRCC exposure, accumulation and potential losses across property portfolios. Users…...

1+ week, 1+ day ago   (447+ words) A Thomson Reuters unit has disclosed a cybersecurity incident involving its C-Track case management platform across 11 US states, the US Virgin Islands and Canada. The company detected the incident on June 30 and later found that an unauthorized party had obtained…...

2+ week, 4+ day ago   (1325+ words) The collapse of US-Canada trade negotiations has changed the cost outlook for insurers and companies with cross-border operations. Days after talks raised expectations for lower tariffs, the US proceeded with 50% duties on roughly $20 bn of Canadian goods. Canada plans retaliatory…...