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Washington Commissioner Convenes Advisory Board to Eye Insurer AI Use
Jul 2 2025 // Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle this week to look at the insurance industry’s use of AI and to get recommendations on...
How Much Does a Heat Wave Cost? Insurers and CEOs Want to Know
Jul 1 2025 // When a hurricane or a wildfire strikes, the economic damage is usually very visible — roofs are ripped off or charred homes line roads. Heat waves cause financial damage, too, but it’s more diffuse: Farm crops...
New Carrier Reporting Requirements on Investments, Liquidity, SC DOI Says
Jul 1 2025 // South Carolina’s Department of Insurance is reminding carriers that it may soon give extra scrutiny to liquidity and capital as well as investments in subsidiaries’ securities, thanks to a law approved by state...
China Enlists Commercial Insurers in Bid to Boost Local Biotechs
Jul 1 2025 // China wants commercial insurance firms to invest in the development of homegrown medicines, Beijing’s latest bid to support its burgeoning biotech and pharmaceutical sector. Commercial insurers have been encouraged...
‘Generali’ Sign Atop Insurer’s Skyscraper Offices Collapses in Milan
Jun 30 2025 // One of the giant Generali signs that crown the Italian insurer’s head offices in Milan collapsed on Monday, remaining atop the 170 meter-high (558 ft) skyscraper but at risk of crashing to the ground, firefighters...
Two More Insurers Enter Florida Market as Hurricane Season Warms Up
Jun 30 2025 // Two more property insurers have put their toes in the Florida market this summer, bringing to 14 the number of new carriers in the state since 2023. It’s another sign that legislative discouragement of claims...
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