The California Department of Financial Protection and Innovation has ordered lenders and servicers to disclose how long they held Los Angeles wildfire insurance proceeds and explain any delays.
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Kevin Collins of Victor says professionals remain responsible for AI-assisted work they sign and seal, making governance, review processes, and disclosure practices critical to managing risk.
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#IBTV: Keith Savino of Emergence Insurance says 100% of businesses need cyber insurance as AI transforms both cyber threats and underwriting practices.
See what’s shaping the future of cyber cover: hubs.la/Q04Bs9pn0
#RiskManagement #ArtificialIntelligence #InsuranceFest
Spencer Timmel of Safety National says third-party risk is now a major cybersecurity and business resilience challenge for organizations.
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Karen London of QBE North America says underwriting discipline, pricing, and profitability will determine which facilities retain carrier support as claims severity and costs continue to rise.
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Brent Allred of Higginbotham says growing transportation businesses often retain more risk, requiring brokers to rethink coverage structures, liability protection, and claims management strategies.
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Marsh is doubling down on AI and automation.
The broker has raised its Thrive savings target to US$600 million, using technology and operational efficiencies to streamline back-office functions while investing in client-facing growth.
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#IBTV: What separates a top insurance network from the rest?
Carol Drake of Smart Choice discusses helping agencies launch, grow, and thrive through every stage, while sharing what makes a successful insurance network stand out.
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Marsh grew Q3 revenue by 8% to US$6.9 billion despite softer insurance and reinsurance markets.
Strong consulting growth helped offset weaker reinsurance results as commercial insurance rates continued to decline across several major lines.
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#IBTV: The E&S casualty market is evolving as competition increases and new risks emerge.
Discover where the E&S casualty market is headed next.
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#InsuranceIndustry #ESCasualty #RiskManagement #SpecialtyInsurance
ACA subsidy reviews are tightening.
Federal regulators have ended Affordable Care Act subsidies for 189,000 marketplace enrollees flagged for duplicate government coverage or deceased status, with projected savings of $738 million.
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Supporting nonprofits requires more than a policy.
Zachary Siegel and Jennifer Johnston of Irwin Siegel Agency explain how program administrators are helping organizations manage risk, build resilience, and protect the communities they serve.
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A new memo from insurance insiders claims some firms are being pressured to "manage down" climate projections as US insurer non-renewals top two million and catastrophe risks continue to rise.
See what it could mean for the insurance market.
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Experts from Westfield Specialty, Wholesure, Sompo, WSIA, and Upland Specialty Insurance discuss growth opportunities, underwriting discipline, and AI's impact.
Explore the trends defining the next chapter of E&S insurance.
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Apple launches HomeView as Anthropic warns AI could one day spread across connected smart home devices. Apple and Anthropic are highlighting both the opportunities and emerging cyber risks of an increasingly connected future.
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Bank of America faces a massive $1.2 billion AML penalty. Bank of America was sanctioned for anti-money laundering failures, raising important questions for D&O, financial institutions, and compliance underwriters.
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#IBTV: In a new Insurance Business TV interview, @InsuranceSystms’ Cameron Scott shares results from AI in production, discusses what helps underwriters trust its output, and considers where agents could add value next.
Watch the interview: hubs.la/Q04z_bG10
Cyber premiums are falling, but coverage may be shrinking.
Megan North of Amwins says insurers are responding to growing cloud and third-party vendor risks with tighter terms, sublimits, and restrictions on dependent business interruption cover.
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#IBTV: Jacqueline Waters of Aon shares insights on industry consolidation, AI's growing influence, and how brokers are becoming strategic risk advisors to clients.
Watch the full interview to learn how the broker-client relationship is changing.
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Marine insurers face a new sanctions challenge.
President Donald Trump’s temporary easing of restrictions on Russian diesel is creating compliance complexities as UK and EU sanctions remain in place, raising questions for insurers and brokers.
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