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Jun 09
Industry Roundup: ​Trump Set to Undergo Questioning in July in Insurance Probe; Helping Commercial Clients Prepare for a Hurricane; The Reasons it's so Hard to Insure Cryptocurrency Operations

Trump Set to Undergo Questioning in July in Insurance Probe

Former President Donald Trump, his namesake son and his daughter Ivanka have agreed to answer questions under oath next month in the New York attorney general's civil investigation into his business practices, unless their lawyers persuade the state's highest court to step in.

 

Helping Commercial Clients Prepare for a Hurricane

The 2022 Atlantic hurricane season began on June 1, and with most predictions pointing toward an above-average amount of activity this year, it's imperative that insurers check with their commercial clients to ensure they're properly prepared.

 

Tech Firms Selling Insurance: 'Do You Want Fries with That?'

As more companies from outside the industry move into the insurance business, they'll be looking to make strategic acquisitions of IAs and tech-savvy agencies with already built products.

 

The Reasons it's so Hard to Insure Cryptocurrency Operations

In order to secure appropriate and affordable coverage, cryptocurrency players need to have a compelling story to tell potential insurers.

 

U.S. Supreme Court Refuses to Hear COVID Business Interruption Case

The US Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such claims in the federal court system.

 

Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market

A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business – except for cyber.

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Health Insurers Poised to Pay $1 Billion in Rebates to 8.2 Million People this Year

8.2 million policyholders are expected to get a piece of $1 billion in premium rebates this fall from various insurers, according to a preliminary analysis from the Kaiser Family Foundation.

 

FEMA to Launch Initiative to Modernize Building Codes in Cat-Resiliency Effort

Federal officials are launching a new initiative to modernize building codes so that communities can be more resilient to hurricanes, flooding, wildfires, and other extreme weather events that are intensifying due to climate change.​

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