Insurance Journal

Texas Pecan Farmers Fight to Save Water Supply https://lnkd.in/gtyJ5MxB

Big data centers in Ohio will have to pay a minimum of 85% of the energy they need to cover the costs of grid improvements under a settlement submitted Wednesday by one of the state’s largest utilities. https://lnkd.in/gU4H6FDd

Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a surcharge on premiums. https://lnkd.in/gbBfkwAK

“Let’s be real, every New Yorker jaywalks. People are simply trying to get where they need to go,” said Council Member Mercedes Narcisse in an emailed statement. “Laws that penalize common behaviors for everyday movement shouldn’t exist, especially when they unfairly impact communities of color.” https://lnkd.in/gvA-ENW9

Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. https://lnkd.in/g4yNqrVk

🎉 **New Podcast Alert!** According to Bryan Falchuk, President & CEO of Property and Liability Resource Bureau (PLRB), the future of insurance thrives on smarter AI and a strong talent strategy. General AI isn’t just about cutting costs—it’s a game-changer for better coverage and profitability. But here’s the key: to unlock AI’s full potential, we need serious investment in training and talent retention. Don't miss Bryan's insightful chat with Peter van Aartrijk on how AI and recruiting can future-proof insurance. Tune in! 🎧 #Insurance #AI #TalentStrategy #FutureofInsurance #Podcast

At ITC Vegas, I spoke with vendors and attendees about the transformative role of AI and automation in simplifying claims, reducing costs, and improving customer satisfaction for insurers! In this interview, I spoke with Bill Brower, MBA, Senior Vice President of Global Industry Relations and North American Claims Sales at Solera, Bradley Williams, President of Simply Easier Payments, Arvind Kaushal, CEO and Co-Founder of Cogitate, and Jacqueline Schaendorf, CPCU, President and CEO at Insurance House, about how they envision the collaboration between traditional insurers and InsurTechs evolving. Check it out! Link here to watch this video on IJTV: https://lnkd.in/g_GcaG77

Insurance Industry Races to Stay Ahead of Cyber Threat Actors. Read this expert viewpoint on CJ at https://lnkd.in/gSyMdwWg

From the Insurance Journal news desk >> Quarterly results in the insurance and insurtech sectors showcase diverse financial outcomes and strategies: 📉Lemonade reports a substantial loss: https://lnkd.in/gh6WNN2X 📈Allstate sees strong profits even after hurricane season: https://lnkd.in/gbWsS8Wv 📈Root marks a notable milestone with its first net income profit: https://lnkd.in/gu5SBnwE 📈Chubb’s record-breaking 13.8% income rise: https://lnkd.in/gPhsjeRx 📈The Hartford's strong Q3 performance: https://lnkd.in/gfn7qKCY

Louisiana Senator Bill Cassidy released a report last week critical of the National Flood Insurance Program’s adoption of Risk Rating 2.0. The report, “The Flood Insurance Crisis: A Comprehensive Breakdown of Rising Flood Insurance Premiums,” found that the average flood insurance cost rose in every state after Risk Rating 2.0 went into effect in October 2021. NFIP premiums in Louisiana have increased by 234% over the last three years, resulting in 52,000 residents dropping their policies, the report found. Four out of five Louisiana policyholders saw a spike in their premiums. https://lnkd.in/gddDz2BH