The insurance industry is far from the economy’s most-admired sector. A Forbes survey found insurance ranking low in popularity in the public eye. Three main reasons are responsible for insurers’ relatively poor rating. First is the intangible nature of the …
Trial attorneys are on the move. Having won a victory in New York on New Year’s Eve, when Gov. Kathy Hochul signed legislation tipping the balance squarely in the plaintiffs’ favor, trial attorneys now have their sights set next door …
Unusual loss trends in 2021 called on the property & casualty insurance industry to play its role as the economy’s financial first responder. A look back at the most extreme loss patterns of 2021 sets the stage for the insurance-related …
A scene in The Wizard of Oz finds Dorothy, the Cowardly Lion and Scarecrow in a poppy meadow with snow coming down. The Cowardly Lion says, “unusual weather we’re having, ain’t it?” If Bert Lahr, who played Lion in the …
The 15 largest publicly-traded property and casualty insurers and reinsurers are all facing similar challenges as the year comes to a close. According to R Street’s review of Q3 2021 earnings calls, the top three difficulties are social inflation, climate …
The torrential rain buffeting northern California and the Pacific Northwest is the result of two converging phenomena: an atmospheric river and a bomb cyclone. While the exceptionally heavy downpours may extinguish wildfires in the region, the violent rainfall is a …
The bills for the Biden administration’s multi-trillion dollar American Jobs and American Families plans are expected to be footed by additional revenues generated by The Made in America Tax Plan. A headline feature of the plan raises income taxes on …
Earlier this month, the Colorado Senate passed a bill prohibiting insurance companies from using any external consumer data and information source, algorithm or predictive model for insurance premium calculation found to be unfairly discriminatory. Two weeks prior, on April 28, …
You are no longer to supply the people with straw for making bricks; let them go and gather their own straw. But require them to make the same number of bricks as before. Exodus 5:7-8a Washington’s Gov. Jay Inslee’s emergency …
When hurricanes or major storms strike the United States, most of the media coverage focuses on how climate change is exacerbating the intensity and frequency of major storms. But even as these catastrophic events occur, climate change is only a …
