In remarks provided to the House Financial Services Subcommittee on Housing and Insurance, NAMIC said federal support for mitigation projects – such as infrastructure upgrades, improved drainage systems, and property-level protections – would play a central role in reducing the financial impact of flooding on both insurers and policyholders.
Author: Awais
Inszone, headquartered in Sacramento, California, provides commercial, personal, and employee benefits insurance solutions. Since its founding in 2002, the firm has expanded to operate across numerous states, including Colorado, Texas, Arizona, and Washington, among others.
The Lagos State government has contracted a parametric flood-risk insurance policy in the Nigerian insurance market, which is designed to protect up to 4 million vulnerable people, providing up to USD 7.5 million for flood response and recovery.The policy’s activation marks a major milestone for the Tripartite Agreement Programme, which aims to build developing countries’ resilience to climate risk. The programme is a public-private partnership between the Insurance Development Forum (IDF), the United Nations Development Programme (UNDP), and the German Federal Ministry for Economic Cooperation and Development (BMZ) through the InsuResilience Solutions Fund (ISF). For the coastal megacity of Lagos,…
On March 24, 2026, the Delaware Department of Insurance issued Domestic and Foreign Insurers Bulletin No. 165, signed by Commissioner Trinidad Navarro and directed at all insurers, health service corporations, and managed care organizations that deliver or issue individual and group insurance policies or plans subject to regulation under Title 18 of the Delaware Code. The Department said it had reviewed carrier practices and found that clarification was needed to ensure uniform and accurate implementation of the state’s step therapy provisions.
Insurance Business’ Commercial Multiple Peril Competitor Analysis shows how this fragmented landscape is actually moving. It tracks 2014–2024 market-share trajectories across 260+ insurers, spotlighting where scale is being built, where pullbacks are quietly creating whitespace, and how “stickiness” is being protected (or lost) as market conditions tighten. Drawing on IB+ Data Hub intelligence, NAIC filings, and IBISWorld macro data, new figures track 10-year premium growth, loss trends, and combined ratios across both CMP property and liability segments. While property coverage (now roughly two-thirds of CMP premium) has benefited from rising insured values, liability performance remains strained by social inflation and litigation costs.
Aon, the global insurance and reinsurance broking group, has expanded its Automated Event Response (AER) service to include US severe convective storms (SCS), further assisting carriers to manage losses from what Aon describes as the costliest insured peril of the 21st century on a cumulative basis.In January, Aon reported that global insured losses from natural disaster events in 2025 hit $127 billion, with global SCS events accounting for $61 billion of this, the third-highest annual total on record for the peril. In the US alone, SCS events drove insured losses of $52 billion in 2025, according to Aon. In 2026,…
The medtech company has been working to restore manufacturing, ordering and shipping operations since it was hit by a cyberattack on March 11.
The combined business will span multiple segments, including individual and group retirement, life insurance, institutional markets, asset management, and wealth management. The merger is intended to enhance distribution capabilities, diversify revenue streams, and strengthen the companies’ overall market position.
March 27, 2026 An insurance agent needs to bind a general liability policy before their client’s lease signing tomorrow. With traditional carriers, that’s 2-5 days of waiting. With Coterie’s platform, it takes under 90 seconds. This quick start guide walks you through Coterie’s instant quote-to-bind workflow for small business insurance across all 50 states. For detailed explanations of bindable quote mechanics, NAICS appetite parameters, and COI generation, see our comprehensive agent guide. What You Need to Get Started Coterie offers admitted BOP, General Liability, and Professional Liability products in all 50 states backed by A and A- rated insurers. The platform has appetite for 80%+ of small businesses and…
Here’s how to make specialty work for your business
The Trump administration is using migrant children held by the Department of Health and Human Services’ Office of Refugee Resettlement to lure parents and relatives into immigration detention, whether or not they have a criminal record. In one example, a dad went to an Immigration and Customs Enforcement office in New Mexico, thinking he was going for an interview about reuniting with his children. Instead, agents put him in chains and sent him to a detention center. His 15-year-old son and 16-year-old daughter have now been in a federal shelter in Texas for more than a year. I spoke by…
This tracker provides U.S. global health funding data by program area and country. It includes Congressionally appropriated (planned) funding amounts from FY 2006 – FY 2023, as well as obligations and disbursements from FY 2006 – FY 2025 (FY 2025 data are partially reported). Data were obtained from ForeignAssistance.gov (see About This Tracker below for more details). For examples of analyses that can be done using this tracker, please expand the section below. Sample Analyses This interactive can be used to understand how much funding the U.S. provides to global health programs in other countries. For example, in FY 2023,…
From New York to Sydney, brokers are being pushed to rethink terrorism renewals
Meta Platforms Inc. is paying for the construction of seven new natural gas-fired plants to fuel its most power-hungry data center, increasing its reliance on fossil fuels amid a fast-moving artificial intelligence race. The company reached a new agreement with Entergy Corp. to build and pay for enough gas plants to provide a total of 5.2 gigawatts of electricity to a data center it’s developing in rural Louisiana, the utility’s local subsidiary said in a statement on Friday. Dubbed Hyperion, the data center in Richland Parish will be Meta’s largest. To support the site’s expansion, Entergy Louisiana said that Meta…