At the same time, the executive order seems to signal an intent to overhaul how climate-related risk is priced, mitigated, and distributed in California’s economy. It follows SB 254 (Becker), which updates and extends California’s Wildfire Fund framework, setting replenishment rules and directing a comprehensive study of new catastrophe response approaches.
Pending approval, move will boost market share and coverage capabilities nationwide
Methodological rigor and conservative estimates The billion-dollar disaster dataset, now managed by Climate Central after a transition from NOAA’s National Centers for Environmental Information (NCEI), is built on a peer-reviewed methodology. The analysis draws from more than a dozen public and private sources, including FEMA, the USDA, the National Interagency Fire Center, and insurance industry … Read more
These are employees who blend AI and human skills to drive strategic impact aligned with business goals, according to the report. Among them, 66% said AI is helping them spend more time as a strategic talent adviser, while 64% said it helps them improve candidate experience.
According to Larry Boress, executive director of NAWHC, maintaining a healthy and productive workforce is essential across industries. He said employers can no longer rely on the broader healthcare system to address issues of cost, quality, and access, and must instead take proactive steps through benefit strategies that directly engage with insurers and providers.
During this period, Wendy Houser, chair of the IICF Board of Governors and president, US Wholesale and Specialty at Markel, will oversee foundation operations alongside her current role. A special committee, comprising current and past IICF board leaders, will also conduct a review of the foundation’s mission and operations to ensure its future strategy aligns … Read more
Following the latest approvals, 719 Class B, C, and D insurance companies are now licensed in the Cayman Islands. These companies collectively represent about $51 billion in premiums written and $173 billion in total assets, IMAC reported. The figures exclude segregated portfolios, which the group said reflect the broader scale of insurance activity in the … Read more
Northeastern was established to provide insurance and reinsurance coverage for medical professional liability, professional liability, automobile liability, property deductible, directors’ and officers’ liability, and workers’ compensation risks. Its insureds include shareholder hospitals, the UJA/Federation of Jewish Philanthropies of New York, and related not-for-profit institutions such as nursing homes, camps, and charitable organizations.
AI-driven risk intelligence: Uses predictive analytics to monitor and forecast potential disruptions, providing early warnings and trend insights. Global supply chain visibility: Maps exposures across more than 200 countries, highlighting supplier dependencies and regional bottlenecks. Comprehensive risk assessment: Evaluates both supplier-specific and enterprise-wide vulnerabilities to inform proactive risk management. Actionable, real-time insights: Delivers prioritized recommendations … Read more
All global regions experienced composite rate decreases in the third quarter. The Pacific region saw the largest decline at 11%, followed by Latin America and the Caribbean and the United Kingdom at 6% each. Rates fell 5% in both Asia and the India, Middle East and Africa region; 4% in Europe; and 3% in Canada. … Read more