Dissatisfied Claimants Put Carriers at Risk of Losing $170B in Premiums: Accenture

New You can now listen to Insurance Journal articles! A research report published last week found that one-third of claimants were not fully satisfied with their most recent insurance claims experience, adding that speed of settlement is a clear pain point for policyholders. Translating the level of dissatisfaction into an eye-opening dollar figure, Accenture said … Read more

Fannie, Freddie both pass 2022 stress test despite misalignment on risk rating

Fannie Mae and Freddie Mac, the government-backed mortgage companies, would face a combined credit loss of more than $17 billion under this year’s stress test scenario. Despite the losses, both enterprises are sufficiently capitalized to withstand the financial shocks of a severe recession, according to the Federal Housing Finance Agency, which administers the annual test … Read more

Why Retailers Shouldn’t Ignore Older Workers in Managing Work Comp Risk

The U.S. Census Bureau states that by 2030 all baby boomers will be older than 65, so that one in every five citizens will reach conventional retirement age.1 For the first time in history, the older generation will outnumber children in the US.2 In the past, generations of older Americans looked forward to spending their … Read more

Previously Flooded Carolina Homes Pose Risk to Buyers

New You can now listen to Insurance Journal articles! A new Natural Resources Defense Council report exposes potential hidden costs associated with purchasing a single-family home with a flood history in North Carolina. According to the report, “Estimating Undisclosed Flood Risk in Real Estate Transactions,” these costs can add up to more than $36,000 over … Read more

Oregon’s Wildfire Risk Map Emerges as Climate Flashpoint

A new map in Oregon that rated the wildfire risk of every tax lot in the state – labeling nearly 80,000 structures as high-risk – generated so much pushback from angry homeowners that officials abruptly retracted it, saying they had not done enough local outreach before publicizing the ambitious project. The rapid reversal, announced late … Read more

Oregon’s Wildfire Risk Map Emerges as New Climate Flashpoint

PORTLAND, Ore. (AP) — A new map in Oregon that rated the wildfire risk of every tax lot in the state — labeling nearly 80,000 structures as high-risk — generated so much pushback from angry homeowners that officials abruptly retracted it, saying they had not done enough local outreach before publicizing the ambitious project. The … Read more

saurabh mukherjea stocks: Saurabh Mukherjea suggests 2 tools to cut risk in your equity portfolio

“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.” – Warren Buffett If you are one of the followers of Buffett’s methodology of buying and holding stocks for the long term without disturbing the silent but magical power of compounding, then you might be … Read more

Arthur J. Gallagher & Co. Acquires UK Risk Management Consultant, Another Day

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, announced the acquisition of Another Day Ltd. Terms of the transaction were not disclosed. Founded in 2016, AnotherDay is a London-based risk management consultancy that helps organizations across 90 countries pre-empt and prepare for complex threats, react to crises and investigate criminality through the … Read more