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State Farm Pulling Out of Home Insurance Market in California

Disaster Zone

Rates statewide went up 30 percent year over year.

Marketing 189
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Changes Continue in Cyber Insurance

Pure Storage

Changes Continue in Cyber Insurance by Pure Storage Blog An ounce of prevention is worth a pound of cure certainly applies to physical health. Prevention begins with having a robust cybersecurity plan in place, along with sufficient insurance to manage risk. But the market is shifting rapidly as cyberattacks continue to spike.

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How Insurance Companies Can Align with the NAIC 2024 Strategic Priorities using ERM

LogisManager

How Insurance Companies Can Align with the NAIC 2024 Strategic Priorities using ERM Last Updated: March 7, 2024 What are the NAIC Strategic Priorities for 2024? The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization for the state-based insurance regulatory system.

Insurance 104
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Is the Fight for $15 Going to Cost Low-Wage Workers Their Health Insurance?

The Rand Blog

Minimum wage increases can lead to reductions in employer-sponsored health insurance for some workers and their dependents. If policymakers want to raise the minimum wage, they should look beyond standard labor market outcomes and take into account other potential effects.

Insurance 100
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Should You Revisit Insured Property Value Estimates?

Risk Management Monitor

One of the first steps in obtaining commercial property insurance is to determine the value of the property being insured. On the other hand, performing an appraisal (which insurers typically consider the “gold standard”) can provide much-needed accuracy and thoroughness, but will require a greater commitment of time and resources.

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Tips for Fostering a Culture of Innovation in Insurance: Mark Rieder, SVP, Head of Innovation, NFP

Chisel AI

Our initial focus was on gaining a better understanding of all the insurtech platforms, products, and solutions that were coming to market that we felt were poised to enhance the insurance industry and our business. About five years ago, we set out on a path of innovation within NFP.

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An Earthquake Impacting Home Insurance in Florida Following Hurricane Ian

Disaster Zone

The housing market boom in Florida could be over.

Insurance 100