Insurers who issue policies covering catastrophic weather-related events should take note of New York Assembly Bill 10344. As of January 12, 2025, insurers have the ability to incorporate parametric insurance into their insurance products as a regulated area of insurance law. New York’s legislation is the most recent example of how states are recognizing parametric insurance … [Read more...] about New York insurance law adds parametric insurance as covered insurance
Regulatory
ESG and internal investigations: New compliance challenges
“ESG” refers to a set of criteria used to measure a company’s non-financial ethical and sustainability practices. Investors, regulators and consumers are scrutinizing to varying degrees how companies manage environmental responsibilities, treat their own workforce and communities affected by their value chain, and govern their operations. As organizations embrace ESG … [Read more...] about ESG and internal investigations: New compliance challenges
Reinsurance returns still strong, growth a rational view: J.P. Morgan
Returns in the reinsurance market are still strong despite softening at recent renewals and this is driving some reinsurers to seek out growth while the opportunity remains, which analysts at J.P. Morgan call a rational view. Traditional reinsurance firms have been building their reserve buffers through the hard market for just such an eventuality, a recent analyst report … [Read more...] about Reinsurance returns still strong, growth a rational view: J.P. Morgan
The role of alternative risk transfer solutions in the future of cyber insurance
A recent report from the Geneva Association (GA) highlighted how maintaining the pace of growth seen across the cyber insurance market will require additional capital to manage ever-more complex cyber risks. The report explored the potential of alternative risk transfer (ART) solutions, including insurance-linked securities (ILS), such as cyber catastrophe bonds, to facilitate … [Read more...] about The role of alternative risk transfer solutions in the future of cyber insurance
Social Media and Insurance Coverage: A TikTok-ing Clock
This presentation explores the evolving intersection of social media and insurance coverage, emphasizing the rapidly growing risks and claims stemming from platforms like TikTok. Legal, regulatory, and market-based concerns are brought to light, especially as technologies such as AI integrate into social platforms. Peter Calleo and Troy Shuman of Enstar, Grace Seigel of Guy … [Read more...] about Social Media and Insurance Coverage: A TikTok-ing Clock
