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FEMA Reauthorization Session Highlights Importance of Risk Transfer and...
If there was a recurring theme in last week’s Senate Banking Committee hearing on reauthorization of FEMA’s National Flood Insurance Program (NFIP), it was the need for: Congress to reauthorize NFIP,...
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Insurers Engageas Climate Perils Drive Up Costs
By Max Dorfman, Research Writer, Triple-I 2023 was another year with high-risk climate and weather-related challenges, with 2024 positioned to pose its own challenges. Indeed, 2023 was the warmest...
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Calif. Risk/Regulatory Environment Highlights Role of Risk-Based Pricing
Even as California moves to address regulatory obstacles to fair, actuarially sound insurance underwriting and pricing, the state’s risk profile continues to evolve in ways that underscore the...
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NAIC, FIO to Collaborate on Data Collection Around Climate Risk
When the U.S. Treasury Department’s Federal Insurance Office (FIO) announced in December 2022 that it was considering a new data-reporting mandate for certain property/casualty insurers, it raised red...
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Evolving Risks Demand Integrated Approaches
Even as the Smokehouse Creek Fire – the largest wildfire ever to burn across Texas – was declared “nearly contained” this week, the Texas A&M Service warned that conditions are such that the...
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Auto Insurers Contend With Rising Costs
By Max Dorfman, Research Writer, Triple-I Auto premiums continue to increase as rising labor and material prices, alongside natural disasters, are forcing insurers to contend with significant losses....
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Coastal New Jersey Town Regains Class 3 NFIP Rating
Sea Isle City, N.J., has regained its Class 3 rating under FEMA’s National Flood Insurance Program (NFIP) Community Rating System (CRS) after a brief demotion last year. Being rated Class 3 enables...
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Lee County, Fla., Towns Could Lose NFIP Flood Insurance Discounts
Property owners in Lee County, Fla., could lose their flood insurance premium discounts under the National Flood Insurance Program (NFIP) Community Rating System (CRS), according to a recent...
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CSU Researchers Project “Extremely Active”2024 Hurricane Season
Colorado State University hurricane researchers predict an “extremely active” Atlantic hurricane season in their initial 2024 forecast. The team cites record-warm tropical and eastern subtropical...
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N.J. Quake a Wake-Up Call for Seismic Mitigation, Resilience Investment
Residents and police gather outside of homes in Newark, N.J., that were damaged by a 4.8 magnitude earthquake on April 5. (Photo by Spencer Platt/Getty Images) Last week’s earthquake in Lebanon, N.J....
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