The Insurance Information Institute (Triple-I) has announced that it will hold its 2024 Joint Industry Forum (JIF) in Miami, Florida, on Tuesday, Nov. 19, and Wednesday, Nov. 20. The event will focus on providing expert perspectives on the state of the insurance industry under the theme Solutions for a New Age of Risk.Triple-I's CEO, Sean Kevelighan, emphasized the importance of updating assumptions and priorities for risk and insurance professionals, stating, “Senior risk and insurance professionals need to continuously update their assumptions and priorities, and...

Announced that it will have an exhibit at the world's largest international conference on accessibility, the "CSUN Assistive Technology Conference 2024" March 18 to 22 in Anaheim, California.

Bloomington, IL, March 20, 2024 — State Farm General Insurance Company, in an effort to ensure its long-term sustainability in California, has announced some significant changes that will affect a portion of its policyholders in the state.The company revealed that approximately 30,000 homeowners, rental dwelling, and other property insurance policies will not be renewed. Additionally, around 42,000 commercial apartment policies will also not be renewed. It is important to note that renters insurance will not be impacted by these decisions.These actions, specific to...

According to estimates from S&P Global Market Intelligence, individual annuity direct premiums and considerations surged by 21.8% in 2023, marking a third straight year of double-digit growth. The most substantial annual growth rate for this product category since 2002."A resilient domestic economy, rising interest rates, and ample supply of attractive products led to outsized expansion in individual annuities during a year of otherwise mixed growth in business volumes for the US life insurance industry." - S&P Global Market IntelligenceThe top six individual entities...

On March 19, 2024, Nationwide introduced a groundbreaking digital resource, the Pet HealthZone, powered by generative artificial intelligence (Gen AI), aimed at providing pet owners with valuable insights into their pets' health. Dr. Emily Tincher, Nationwide’s senior director of pet health, and Melanie Kolp, Nationwide’s senior vice president and chief technology officer of technology strategy, data and innovation, shed light on the functionality of this innovative platform.The Pet HealthZone leverages over 40 years of pet insurance data to offer pet owners personalized...

Florida domestic residential property insurers saw a positive financial turnaround in 2023 after seven years of struggling. According to an analysis by S&P Global Market Intelligence, the group of around 50 insurers reported a net income of $147.3 million for the year, marking a significant improvement from previous years of losses exceeding $1 billion.One of the key factors contributing to this improvement was a notable increase in investment income and better underwriting results. Additionally, the industry benefited from a mild hurricane season and saw a rise in...

JPMorgan Chase has announced a partnership with the Academy Museum of Motion Pictures. As a result of the partnership, the financial institution, headquartered in New York City, will sponsor select temporary exhibitions, the museum's regular feature, and community related events.

New Catalog of NVIDIA NIM and GPU-Accelerated Microservices for Biology, Chemistry, Imaging and Healthcare Data Runs in Every NVIDIA DGX Cloud

WASHINGTON, DC (March 18, 2024) – Even though many eclipse enthusiasts have had April 8, 2024 marked on their calendars for years, there are some people who are just now deciding they want to experience this natural phenomenon in person. If this is you, it’s not too late.According to AAA booking data, Dallas, Austin, and San Antonio are the most popular cities along the path of totality for the upcoming eclipse on April 8, 2024. Indianapolis, Cleveland, and Buffalo are also top eclipse-viewing destinations, with Dallas experiencing a significant increase in reservations...

Property and casualty insurers doing business in California will be able to expand their use of catastrophe modeling under a new proposal from the state regulator. The California Department of Insurance is proposing that insurers be permitted to use catastrophe models that include wildfire, terrorism, and flood lines for both homeowners and commercial insurance lines.The proposal, which is the second element of the regulator's Sustainable Insurance Strategy introduced by Insurance Commissioner Ricardo Lara, aims to revise what can be included in catastrophe modeling. This...

Amidst persisting volatility in capital markets, insurers in the Asia-Pacific region are facing uncertainties over earnings, prompting them to actively manage their investments. According to S&P Global Ratings analysts, 98% of rated insurers in Asia-Pacific have a stable outlook, but the ongoing market fluctuations are impacting profitability.Lead analyst Wenwen Chen highlighted that insurers in the region are reassessing risk-return balances and becoming more selective due to credit stresses, particularly in real estate and alternative investments. Chen also noted that...

Shares of Heritage Insurance Holdings and American Coastal Insurance Corp., two Florida-based homeowners' insurers, have experienced significant increases in their stock prices as a result of strategic shifts and favorable weather conditions. Heritage Insurance Holdings' share price has surged by 115.9% to $7.86, while American Coastal Insurance Corp. has seen a remarkable 438.1% increase to $10.60.Heritage Insurance Holdings announced a strategic focus on commercial lines and the excess and surplus market, leading to its stock price rise. Similarly, American Coastal...

CrowdStrike launches new services to help public companies prepare for, and comply with, the SEC’s new regulations and take on the evolving responsibilities associated with them.

Japanese life insurers Dai-ichi Life Holdings Inc., T&D Holdings Inc., and Japan Post Insurance Co. Ltd. are all making significant progress towards achieving their annual profit forecasts for the fiscal year ending March 30, 2024.Dai-ichi Life Holdings Inc. reported a remarkable 42.1% year-over-year growth in net income, attributing the increase to various positive factors. The company stated, "The improvement in T&D Holdings' nine-month profit was largely due to a 'reactionary decline' in large temporary valuation losses related to Fortitude, a foreign reinsurance...

In a celebration of excellence at the CIAA Basketball Tournament, the Lincoln University Lions and Fayetteville State Lady Broncos emerged victorious, claiming their championship titles in Baltimore. The tournament, steeped in tradition and history, goes beyond the court, fostering a sense of community and nostalgia among attendees.The Central Intercollegiate Athletic Association (CIAA), established in 1912 as America’s oldest historically Black athletic conference, showcases 14 annual championships, including the prestigious basketball tournament. Drawing in 190,000 fans...

State insurance regulators are willing to work with the federal government but continue to maintain that they are best positioned to oversee the industry. The National Association of Insurance Commissioners (NAIC) is prioritizing mitigation to deal with the impacts of a changing climate. Insurers must be ethical and transparent in how they utilize artificial intelligence so as to not perpetuate bias.Connecticut Insurance Commissioner Andrew Mais, in his capacity as both president of the NAIC and a state regulator, discussed various pressing issues including the role of...

State Farm President Jon Farney has been selected as the company’s next Chief Executive Officer by the State Farm Mutual Board of Directors. Farney will formally begin his role on June 1. The announcement was shared by Chairman and retiring CEO Michael Tipsord, who expressed his confidence in Farney's abilities. Tipsord stated, “Jon and I have worked together for many years. I’ve seen how much he cares about State Farm, how much he cares about the people at State Farm, how he solves problems, and how focused he is on taking care of our customers.”Farney, who joined State...

Mutual of Omaha Insurance Co. has announced its plans to explore the formation of a mutual insurance holding company (MIHC), as confirmed in its 2023 annual statement. The company stated that it is undertaking this exploration to fully understand the structure's requirements and potential consequences, without establishing a specific timeline for the process.The potential MIHC formation would enable Mutual of Omaha to maintain its policyholder ownership structure while enhancing its access to external sources of capital. This move reflects the company's strategic...

In light of Pet Prevention Poison Month, Nationwide is urging pet owners to be vigilant about their furry companions' safety. The initiative comes after a family experienced a worrisome incident involving a plant that led to a costly visit to the veterinarian.Nationwide advises pet parents to take preventive measures to avoid such situations. They recommend visiting Nationwide's PetHealthZone for tips on pet safety and what to do if a pet ingests something harmful. Additionally, Nationwide offers its members access to veterinary professionals around the clock through the...

The Gaming industry is among India’s rising sectors growing rapidly on the back of digital technologies.