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Insurers sanguine about NAIC's P&C data call
11 March 2024Consumer groups praise FIO for pushing NAIC to finally gather insurability and climate data
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APCIA calls on legal system reform to counter social inflation woes
06 March 2024Over half of US consumers are unaware of nefarious litigation practices, says APCIA
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Florida litigation reform bill may not pass this year
23 February 2024Bill seeks to reform predatory practices which have driven up insurance costs
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US property rate debate rages as natcats soar
08 February 2024Demands for higher rates for homeowners coverage are creating tensions among consumer groups, regulators and underwriters. Sarfraz Thind reports on attempts to sustain the market as natural catastrophe losses mount
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US FIO and NAIC fissures grow
12 December 2023NAIC's "weak" criticisms of FIO data call rankles participants
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US insurer climate data collection should avoid duplication, FIO told
08 November 2023APCIA said state regulators have already been collecting climate date for years
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The race to respond to social inflation
03 November 2023Insurers have a huge task ahead in addressing the factors behind social inflation, including society's distrust of big corporates, social media amplification and litigation methods. But others argue it's a manufactured crisis. Sarfraz Thind reports
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US insurers expect heavy burden from California's new climate bills
12 October 2023Scope 3 reporting requirement presents significant challenges for industry, critics say
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Ricardo Lara instigates biggest insurance reform since Proposition 103 to fix California's crisis
22 September 2023Watchdog group says plan will lead to soaring rates as seen in Florida
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Who's to blame for the US insurance crisis?
01 September 2023Is the growing US property insurance crisis caused by greedy insurers or sleepy regulators? Sarfraz Thind speaks to industry and consumer groups to get their perspectives