Risk professionals’ salaries have increased an average of 11% since 2023, with chief risk officers/vice presidents of risk management seeing increases of 16%. The increases and other trends in risk management compensation are detailed in the RIMS 2025 Compensation Survey, which provides an analysis of risk management positions, as well as the impact that education, experience, and other demographic data have on salaries. “There are many factors that reaffirm the immense value business leaders place on risk management, but few are more compelling than the salary increases highlighted in this year’s RIMS Compensation Survey,” said RIMS CEO Gary A. LaBranche.…
Author: Awais
A new survey found three overarching themes that affect the purchase of flood insurance centered on awareness, action, and coverage misconceptions, according to Chubb’s Flood Risk and Resilience report. The survey of more than 1,500 high-net-worth homeowners, commercial businesses, agents, and brokers identifies significant gaps in perceptions of flood risk and mitigation measures. Heightened awareness of flood risk is growing, as evidenced by the 84% of homeowners and 72% of commercial businesses who said they agree that flooding is more common now than it was five years ago. But many still don’t think the risk applies to them. The survey…
Danone has recalled at least three batches of its Aptamil baby formula in Germany, a letter to a wholesaler showed on Thursday, as the French food producer scrambles to contain a scare over a toxin contamination that started with Nestle products. In the letter dated January 26, Danone Deutschland asked wholesaler Alliance Healthcare to withdraw some batches of Aptamil produced between May and August 2025. The letter, published by online pharmacy Shop Apotheke, said it believes the wholesaler would have little or no remaining stock given that it had subsequently received deliveries of new products. Danone had said on Friday…
The insurance-linked securities (ILS) fund sector finished 2025 on strong footing with December seeing the third-highest returns for that month on record, as both catastrophe bond funds and strategies allocating to private ILS finished the full-year with averaged double-digit returns, the ILS Advisers Fund Index shows.December 2025 saw the strategies in the ILS fund sector tracked by ILS Advisers reporting an average return of 0.73% for the month, the third best December since the Index began back in 2006. It topped off the third consecutive year of double-digit performance for the Index, leading to an average full-year return for 2025…
The House of Representatives passed 12 appropriations bills on Tuesday, six of which have been signed into law, according to a statement from the House Appropriations Committee. However, the DHS funding package, which includes appropriations for both NFIP and the Federal Emergency Management Agency (FEMA), has stalled in the Senate over disagreements about immigration enforcement.
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: HCA Healthcare, one of the largest for-profit hospital operators in the country, said it could lose more than $1 billion this year due to the expiration of more generous Affordable Care Act subsidies and a decline in its Medicaid state supplemental payments. Executives on a Tuesday call with investors said HCA could lose between $600 million to $900 million due to the subsidy lapse and between $250 million to $450 million from declines in some of its Medicaid state supplemental payment…
Note: The data on unwinding renewal outcomes presented below were last updated on September 12, 2024; since most states have now completed the Medicaid unwinding, the information will not be updated again. As of September 12, 2024 and with nearly complete unwinding data for most states: Over 25 million people were disenrolled (31% of completed renewals) and over 56 million people had their coverage renewed (69% of completed renewals). Disenrollment rates varied across states from 57% in Montana to 12% in North Carolina, driven by a variety of factors including differences in renewal policies and procedures as well as eligibility…
Why cyber cover has become non-negotiable for businesses and households
President Donald Trump on Wednesday said he will put Environmental Protection Agency administrator Lee Zeldin in charge of helping homeowners get permits to rebuild after the California wildfires last January. Related: Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts …
The Vermont Department of Financial Regulation announced the gubernatorial appointment of Christine Brown as deputy commissioner of its captive insurance division. Brown has served in an acting capacity since the start of the year. Brown joined the captive insurance division in 2003 as an examiner, with numerous promotions throughout the years until 2022, when she became the division director. In addition to her work at DFR, since 2018, she has served as principal staff to the chair of the National Association of Insurance Commissioners Risk Retention Group Task Force. Before joining the state government, she worked as an auditor at…
The Host The actions of federal Immigration and Customs Enforcement agents are having ramifications far beyond immigration. Medical groups say that ICE agents in health facilities in Minneapolis and other cities are imperiling patient care, while in Washington, the backlash from a second fatal shooting by agents in Minnesota has stalled action on an eleventh-hour suite of spending bills. Meanwhile, anti-abortion groups remain unhappy with the Trump administration over what they see as its reluctance to scale back the availability of the abortion pill mifepristone. This week’s panelists are Julie Rovner of KFF Health News, Maya Goldman of Axios, Alice…
Integral ILS Ltd. is now aiming to secure up to $275 million of US named storm retrocession from its debut Windrose Re Ltd. (Series 2026-1) catastrophe bond, while the price guidance has been adjusted for each of the tranches of notes being offered, Artemis can report.Integral ILS became the latest specialist insurance-linked securities investment manager to seek hedging protection from the catastrophe bond market for its managed ILS investment funds earlier this month, when its debut cat bond began marketing. As ILS manager’s have grown their assets under management and so their portfolios of catastrophe reinsurance risk instruments, which Integral…
A federal judge on Tuesday allowed Vineyard Wind to resume work on its Massachusetts offshore wind project, which President Donald Trump’s administration halted along with four other projects last month due to national security concerns. The ruling by U.S. District Judge Brian Murphy in Boston, who was appointed by former President Joe Biden, is the latest of several recent legal setbacks for Trump’s anti-offshore wind policy. An Interior Department spokesperson said the agency had no comment on pending litigation. Vineyard Wind, a $4.5 billion joint venture between Spain’s Iberdrola and Denmark’s Copenhagen Infrastructure Partners, is the fourth project paused by…
The updated report introduces deeper profiles of Farmers, American Family, Auto Club Enterprises, Auto-Owners, and Sentry, among others. New figures track profit-adjusted premium growth, underwriting discipline, and reserve-to-loss ratios from 2014 to 2024, revealing which smaller players are scaling sustainably and which are quietly retreating.