InsuranceEDGE | December 8, 2022 | BuildingMetrix

"The critical part about what's been happening and what climate change is forcing us to do is: We have to look more at the extremes," said Tom Buschatzke, director of Arizona's Department of Water Resources, said in an interview. "We've got to plan for the low end."

Why it matters: Drivers can't avoid insurance costs, so increases tend to hurt low-income and fixed-income people more than others.

More than a quarter of insurtechs will leave the insurance marketplace in 2023 - just a couple years after investments in the space were at an all-time high, according to predictions from research and consulting firm Forrester.

For the insurance industry, technology and how data is used to improve underwriting have been the biggest drivers of change.

High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody’s Investors Service to change their outlook for the global property/casualty sector from stable to negative.

Greg Jacobs, Director, Commercial Auto Product Management at Verisk, discusses how data, analytics, and digital transformation are reshaping the industry and delivering benefits for underwriting leaders and their customers.

The e-cigarette maker said it has reached settlements in more than 5,000 cases in California. 

“Through the first nine months of 2022, personal auto liability and physical damage loss ratios deteriorated relative to year-end 2021.”

Florida legislative leaders posted a proclamation painting the broad outlines of the special session scheduled to begin Monday, Dec. 12.

The company likely won't take on new clients in Florida, due to the turbulent insurance market and an outcry from state officials last summer.

The legislative session is more than a month away, but fault lines are already emerging between Texas' top two Republican leaders on two major issues.

a new study published in JAMA Network Open is the first analysis to show both the sheer magnitude of firearm fatalities in the U.S. over the past 32 years and the growing disparities by race/ethnicity, age, and geographic location.

Police and federal law enforcement officers are among 20 people from multiple states saying they were wounded by a popular type of Sig Sauer pistol, the latest lawsuit alleging that the gun is susceptible to going off on its own.

The ingredients are aligning for parts of Florida to be active for wildfires in 2023, despite two hurricanes making landfall in 2022, leading to torrential rainfall. Outlooks recently released by the National Interagency Fire Center show the probability of above-normal wildfire potential to grow in...

The American West is experiencing its driest period in human history, a megadrought that threatens health, agriculture, and ways of life.

An Atlantic hurricane season that had 14 named storms officially ended on Wednesday, leaving residents in the Florida Keys to celebrate.

As California emerges from its "peak" wildfire season, the state has managed to avoid its recent plague of catastrophic wildfires. So far in 2022, the fewest acres have burned since 2019.

In a letter to the Treasury's Federal Insurance Office, the National Association of Insurance Commissioners expressed its "deep concern" over a proposal to collect data.