Business Insurance

This article explores the evolving landscape of the cannabis industry, highlighting recent legislative developments and the associated opportunities and challenges. It discusses the potential impact of the Safe Banking Act and the CLAIM Act, the tax burden faced by cannabis businesses, and ongoing issues related to workplace policies and impaired driving.

This article explores the historical context of the COVID-19 pandemic, drawing parallels with the 1918 Spanish Flu and discussing the implications for the insurance industry. It emphasizes the importance of learning from history and preparing for potential future phases of the pandemic.

This article explores the connection between litigation funding and social inflation, examining its historical roots, legal evolution, and ethical implications. It provides insights into the market size and offers practical advice for readers navigating this complex landscape.

This article provides insights into the future of the U.S. property/casualty insurance industry, discussing underwriting profitability, the impact of macroeconomic trends, and the outlook for commercial lines and workers compensation.

This article delves into the contentious issue of race and discrimination in insurance pricing, examining the factors that influence premiums and the industry's efforts to address these concerns. It provides insights into the regulatory landscape, recent research, and actionable recommendations for both consumers and insurers.

This article delves into the uninsurability of global pandemics, focusing on the testimony of Triple-I CEO Sean Kevelighan before the U.S. House of Representatives' Small Business Committee. It explores the financial implications of forcing insurers to cover pandemic-related losses and highlights industry and regulatory support for the uninsurability view.

This article discusses the sixth consecutive year of underwriting profitability in the workers' compensation sector, despite a slight decline in 2019. It also explores the impact of economic and regulatory changes on net premiums written and the overall profitability of insurers.

A recent study from Chubb reveals that inflation remains the top challenge for middle-market companies, prompting them to consider increasing their insurance coverage. The article discusses the impact of inflation, the importance of adequate insurance, and strategies for mitigating risks.

This article discusses the significant economic impact of insurance fraud in the U.S., the challenges faced by Special Investigation Units, and the increasing reliance on technology to combat these crimes. It also provides actionable advice for consumers to help fight insurance fraud.

This article discusses the factors contributing to the rise in personal auto insurance rates, including the return of pre-pandemic premium rates, the impact of pandemic-induced changes, and the future of auto insurance rates.

This article analyzes the potential impact of the International Longshoremen’s Association (ILA) strike on the property/casualty (P/C) insurance industry, discussing both direct and indirect effects and the role of insurance coverage in mitigating losses.

The 2022 Joint Industry Forum emphasized a shift from traditional risk transfer to predicting and preventing losses in the insurance industry, driven by increasing risks and the need for advanced data and technology.

This article discusses the 2021 economic outlook for the insurance industry, highlighting its underperformance relative to overall U.S. GDP growth due to sector-specific inflation and supply chain disruptions. It also touches on the industry's resilience in investment returns and provides advice for insurers navigating these economic challenges.

This article discusses the growing patchwork of state marijuana laws and their impact on workplace safety, employer obligations, and workers' compensation. It highlights the challenges faced by employers and insurers due to the varying state laws and the federal prohibition of marijuana.

The Joint Industry Forum in Miami brought together experts to discuss climate resilience, legal system abuse, and innovation in insurance. The event highlighted the importance of collaboration, technology, and continued efforts to address these critical issues.

This article discusses the surprising trend of stabilizing bodily injury liability insurance costs amidst rising inflation, highlighting recent data from the Bureau of Labor Statistics and offering practical advice for consumers.

Severe convective storms have significantly impacted the property/casualty industry's underwriting profitability in 2023, driving adverse results and necessitating rate increases to offset inflationary loss costs.

This article delves into the impact of the gig economy on workers' compensation insurance, examining the evolution of gig work, its implications for insurance, and future trends. It provides practical recommendations for both workers and companies.

This article explores the growing need for clarity in cyber insurance coverage, the pitfalls of silent cyber risk, and strategies for effective cyber risk management. It emphasizes the importance of education, awareness, and proactive measures to mitigate cyber threats.

This article discusses the importance of earthquake insurance and retrofitting for older homes in earthquake-prone areas like California. It emphasizes the need to balance wildfire and earthquake risks and provides practical advice for homeowners.

A recent survey by Triple-I and Munich Re reveals that many homeowners are unprepared for weather-related risks, despite the increasing frequency and severity of such events. The report highlights key areas of concern, including thunderstorms and flood risks, and suggests that education and awareness are crucial for improving preparedness.

This article discusses the increasing importance of economic analysis in the insurance industry, particularly in the context of advancements in artificial intelligence and data analytics. It highlights the limitations of AI and the necessity of human oversight, as well as ethical considerations and future directions for the industry.

This article discusses the uninsurable nature of business interruption losses due to the global pandemic and highlights the public's belief that the government should provide financial support. It emphasizes the need for government-backed solutions to protect businesses and the insurance industry.

FEMA's new National Risk Index (NRI) is a comprehensive online mapping tool that identifies communities at risk from 18 types of natural hazards. It provides a consistent and comprehensive nationwide risk assessment, aiding in risk management and community resilience.