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In a recent discussion on Insurance Business TV, Aspen’s Rebecca Gitig highlighted a big shift in how the insurance industry faces catastrophic events. What used to happen once every ten years now seems to occur almost every year. This change is pushing the insurance sector to rethink how it prepares and responds—not only for property … Read more

Brokerage stocks took a sharp hit this week after OpenAI unveiled a major announcement about artificial intelligence. But experts say the market reaction is less about immediate risks to revenue and more about long-term questions of who will control how insurance reaches customers. Trevor Jones, a partner at West Monroe specializing in insurance, thinks investors … Read more

NASA has shared its first radar images from a new Earth-mapping satellite, giving a clear look at the Maine coast and farmland in North Dakota. These detailed pictures come from a spacecraft that launched into orbit from India just two months ago. The satellite, called NISAR, is a joint project between NASA and India’s space … Read more

In the world of insurance, there’s a rule that can make it tough for people with certain felony convictions to work in the industry. Known as the 1033 rule, it comes from a federal law that says anyone convicted of a felony involving dishonesty or a breach of trust must get special permission—a “1033 waiver”—to … Read more

Two Democratic senators are raising concerns about how the Trump administration is handling the National Flood Insurance Program (NFIP). Senators Elizabeth Warren from Massachusetts and Andy Kim from New Jersey sent a letter to David Richardson, FEMA’s Acting Administrator, pointing out staff cuts and shifting priorities that they say could put the program at risk. … Read more

A Colorado appeals court has ordered Esurance to pay $35,600 in penalties for failing to provide an auto insurance policy within the state’s required 30-day deadline. The case centers on a policy that, while ultimately not covering the accident, was still considered potentially relevant under Colorado’s insurance disclosure law. The incident began on the morning … Read more

Insurance professionals are facing tougher challenges as legal, social, and economic pressures come together in new ways. Stefanie David, chief claims officer for reinsurance at Munich Reinsurance America, highlighted 2025 as a demanding year for managing risks carefully. One major concern is the misuse of the legal system, which is driving up claims costs. David … Read more

Doug Wordekemper from AXIS recently shared some practical tips on how insurance carriers and brokers can work better together. Speaking on Insurance Business TV, he focused on closing protection gaps and improving the way brokers interact with carriers and underwriters. Wordekemper emphasized that stronger collaboration between carriers and brokers can help bridge coverage gaps that … Read more

Two major figures in the insurance world are making moves this fall, with leadership changes at Covéa Insurance UK and Ryan Re Underwriting Managers. Xavier Laurent has been named the new CEO of Covéa Insurance in the UK, taking over from Georges De Macedo. De Macedo, who’s been leading the company since June 2023, is … Read more

The cannabis industry faces some unique insurance challenges, especially when it comes to theft and fire risks. Beth Ossino, claims manager at Golden Bear Insurance Company, shared some eye-opening stories about big losses suffered by cannabis businesses during the recent Insuring Cannabis Summit. Ossino described incidents where thieves broke into businesses and made off with … Read more