Jul 15, 2024 View in Browser

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A Message From the Editor

While wildfires in the U.S. have fallen off the last 10 years, the size and predictability of the disasters have become more widespread, making it tougher for insurance companies to model potential losses. Experts say humans cause 85% of U.S. wildfires. How are other things like climate change, land use, invasive species, and past fire suppression policies contributing to the problem?

– Joe Toppe, managing editor

 

Analysis

Regulation, mitigation demands in an evolving wildfire world

By Jenise Klein

Wildfires can be natural occurrences, but their behavior, timing, location and conditions are becoming more unusual. Read More

 

News

Disaster-struck cities fight for aid as FEMA funding runs low

By Shruti Date Singh

Already this year, the U.S. has been hit by 15 weather and climate disasters costing at least $1 billion. Read More

 

Analysis

Insurer wins unanimous decision in New York choice of law battle

By James E. Mercante

All the fuss was over the insurance contract's selection of New York law to govern future disputes. Read More

 

News

Cyber risk overshadows 2024 M&A activity

By Joe Toppe

Intensifying cyber threats drive interest in transactional risk insurance as a dealmaking condition. Read More

 

Research

Specific tech attracts insurtech investment in 2024

By Joe Toppe

Global insuretech funding slid for the second year in a row, NTT Data reports. But the news is not all bad. Read More

 

News

NJ spotlights possible affordable-housing insurance issues

By Joe Toppe

The state issued an order directing P&C insurers to complete a survey about relevant risk categories. Read More

 

News

Early Hurricane Beryl loss estimates top $2.7 billion in U.S.

By PC360 Staff Writer

Karen Clark & Co. ballpark insured losses at $90M in Mexico and $510M in the Caribbean for the Cat 5 hurricane. Read More

 

Market Insights

Swiss Re: Challenges ahead for workers' comp market

By Laure Forgeron

An array of potential headwinds and risks have surfaced (or re-surfaced), meriting caution and scrutiny by re/insurers. Read More

Resources

Case Study: How One Insurer Significantly Lowered Loss Adjustment Expense & Improved Claims Processing with Market-Proven AI from EIS

Sponsored by: EIS

In a competitive insurance market, efficiency and customer satisfaction are key. Discover how a regional P&C insurer was able to lower loss adjustment expenses (LAE) and streamline claims processing by taking an omni-channel claims approach, powered by AI. Learn More

WEBCAST DATE: July 18, 2024

What Can Auto Insurers Do About Runaway Medical Billing Inflation?

Join this webcast to hear industry experts and senior insurance leaders in a thought leadership discussion of the who, what and why of runaway medical billing inflation, as well as strategies to mitigate the adverse impacts. Learn More

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