A recent report from Global Parametrics has acknowledged that catastrophe bonds can be part of the solution to risk financing for humanitarian organisations. The firm suggests that for humanitarian organisations requiring substantial capacity, multi-year cat bonds, as well as parametric products may secure greater limits and provide longer-term protection than other financial instruments, but only as part of a broader strategy.The parametric climate risk insurance provider, part of CelsiusPro Group, recently published a whitepaper that explores the use of catastrophe bonds in a humanitarian context. Within the paper, the firm outlines how it thinks humanitarian organisations should look at a broad…
Author: Awais
‘Hero work to agency owners is when you deepen client relationships’
Unlike standard workers’ comp claims tied to a single incident, cumulative trauma claims arise from repetitive stress or motion injuries that develop gradually over time. The California Workers’ Compensation Institute puts the cost differential in stark terms: CT claims cost 53% more than specific-event claims, and 91% of CT lost-time claims involved an attorney.
With the insurance-linked securities (ILS) sector continuing to expand, institutional investor appetite within the space has been resurgent. A new paper from consultancy firm bfinance acknowledges that manager selection within the market involves distinct challenges, with unique investment risks and notable operational complexity to consider.Recent demand for ILS strategies has been particularly strong. While pricing has begun to soften, with rate-on-line levels coming off their historic highs, returns are still elevated when compared towards the pre-2020 period. “Higher-for-longer interest rates have supported attractive yields, while the sector demonstrated its ability to provide diversification versus traditional asset classes thanks to its…
With construction starts up 190% in a year, the firm is hoping specialized contractual expertise is the next frontier
Question 1 of 10Which statement best describes a health insurance premium?Question 2 of 10Which of the following is the best definition of the term “annual health insurance deductible”?Question 3 of 10Which statement describes the difference between a copayment and coinsurance? Question 4 of 10Your health insurance plan has a $1,000 deductible for hospital care and a $250 per-day copayment once the deductible is met. You are hospitalized for 4 days, and the hospital charges negotiated with the insurance company (the “allowed amount”) total $6,000. How much would you be responsible for paying? Question 5 of 10Which statement describes a Health…
He brings more than 21 years of experience across insurance, crisis management, and security risk management, and joins from Crisis24, one of the world’s largest global security response providers, where he handled active-assailant incidents, civil unrest, and large-scale evacuations spanning the Americas, Europe, and Asia-Pacific.
A federal judge in Michigan suspected of drunken driving uttered a vulgarity at a state trooper and couldn’t explain damage to his car or why his airbags had deployed, according to video of the arrest. U.S. District Judge Thomas Ludington was arrested Oct. 3 after a trooper said he had repeatedly failed to properly blow into a blood-alcohol device, body-camera video obtained by The Detroit News shows. “What in the hell are we doing?” Ludington, in handcuffs, said as he was placed in a patrol car. “You’re under arrest,” the trooper replied. A blood test subsequently showed Ludington had a…
A powerful winter storm has cut off New York City, grounding thousands of flights and straining transport networks, as 41 million people along the US East Coast brace for blizzard conditions in what could be one of the city’s worst storms on record. The storm, named Hernando, is “potentially crippling” for a lot of areas across the Northeast, said Brian Hurley, a senior branch forecaster at the Weather Prediction Center. For New York City, Long Island, New Jersey, most of Rhode Island and eastern Massachusetts, it has the potential to bring extreme impacts, topping the five-step scale used by the…
The academic medical center’s clinics will be closed through Tuesday. The attack, which hit UMMC last week, took its Epic electronic health record system offline.
The parent of St. Petersburg-based Neptune Flood reported a 63% drop in profit for 2025, along with a quarterly drop, five months after the firm went public. Much of the drop in net income was due to some $4.6 million in initial public offering expenses, the company said in an earnings report released last week. Adjusted net income for Q4 was $15.3 million. Neptune share prices opened today, Monday, at $20.88, up from a low of about $17 seen on Feb. 12, and below the high of $33 seen in October, shortly after the IPO. The private flood insurer reported…
Pasture lands have been stripped down to a sea of sand after wildfires tore across the U.S. Plains, killing cattle and wiping out their food sources, and threatening a historically small herd already linked to rising beef prices. The loss of grass in Oklahoma and Kansas has sent ranchers scrambling for donations of hay to feed their herds as some face the prospect of running out of supplies. Since last week, the biggest wildfire, the Ranger Road Fire, burned an estimated 283,283 acres (114,640 hectares) in northern Oklahoma and southern Kansas, the Oklahoma Department of Agriculture, Food and Forestry said…
Global property insurance rates accelerated their downward trend in the fourth quarter of 2025, with broker Marsh Risk reporting a 9% global decline, led by a sharp 14% drop in the Pacific region.In its latest report on global commercial insurance rates, Marsh Risk highlighted that growing competition among insurers, coupled with a favourable loss environment and reinsurance pricing were the primary drivers for the rate decline along with increased market capacity. Commenting on the report, John Donnelly, President, Global Placement, Marsh Risk, said: “The global insurance market has been characterized by ample capacity across most lines and regions over the…
The Department would require insurance industry members forward contributions if the Fund’s balance were reduced below $500,000,000, according to Section 9(1) of the Workers’ Compensation Security Fund Act (77 P.S. § 1059(1)). As of its evaluation dated December 31, 2025, the Fund’s balance exceeded $500 million, the Pennsylvania Insurance Department reported.