Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017 and by 2021 will rise to almost $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017 and...
Amazon Considers Offering Home Insurance
June 8, 2018
Category National News
Amazon.com has contemplated offering home insurance as an offshoot of its development work on robots and other connected devices for the home, according to a person familiar with the discussions. The idea is that robots and...
Insurers must innovate to counter disruption from BigTech: World Insurance Report 2018
June 8, 2018
Category Insurance Regulatory News
The World Insurance Report (WIR) from Capgemini, in collaboration with Efma, has found Insurers face losing significant ground to the likes of Amazon, Google and Apple as a willingness from customers to buy insurance...
Here’s why property insurance premiums could be going up in Florida and in Tampa Bay
June 7, 2018
Category Insurance Regulatory News
Three major hurricanes caused about $80 billion in insured losses nationwide for property and casualty insurers in 2017, but in Florida, legal maneuvers are as much a factor as weather in driving up pricing on homeowners’...
Insurers in the cyber insurance segment have enjoyed exponential growth in the market over the last 10 years, and that is expected to continue as the world becomes even more connected via the internet. But while the growth in...
Congress Could Shrink Federal Insurance Office
June 6, 2018
Category Insurance Regulatory News
Congressional efforts to curtail the federal government’s involvement in insurance regulation continue this week as a House panel is scheduled to consider a measure to trim the sails of the Federal Insurance Office (FIO)....
Deductibles, spoiled food, evacuation costs: New hurricane coverage pays what traditional policies won’t
June 6, 2018
Category Florida and Insurance News
Damaged roof tiles didn’t exceed your $6,000 deductible? Whip out the credit card. Evacuating and need gas and lodging? Hit the ATM on the way out of town. Now, homeowners can buy coverage that fills in those gaps. A new...
5 Questions With Stacey Giulianti, Co-Founder Of Florida Peninsula Insurance Company, On Hurricane Season
June 6, 2018
Category Florida and Insurance News
Last year was a rough hurricane season, from Harvey stalling on Houston, Irma traveling up Florida and Maria divesting Puerto Rico. What are the lessons we learned from the 2017 hurricane season? We learned a great deal of...
An insurer afforded coverage for the insureds’ property damage from Hurricane Wilma and issued payment for the cost to replace the roof, repair damage to the interior and replace a cracked window. The insureds cashed...
Colodny Fass shareholder Amy Koltnow obtained a significant appellate victory for insurers in a case involving a late-reported water back-up claim. The insureds reported the claim over one year after the plumbing had been...