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The BMA also expects Bermudian insurers to consider double materiality in their reporting, as well as their own external climate-change impact.
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S&P published its first consultation on proposed changes to its risk-based capital adequacy methodology in December 2021.
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Rate action for personal auto insurers has been increasing in 2023 to balance rising loss cost trends
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Ron DeSantis has also announced proposals to modernize Florida’s "bad faith" law, in the latest set of reforms he described as the most “comprehensive in decades”.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The attempt to increase the supply of insurance in the state has been submitted for governor approval.
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The act would have increased the number of “close family members” that could have sought compensation in wrongful death cases.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Following recent hurricanes, more than 610,000 residential property claims were filed in the state.
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The proposed change could disrupt M&A at brokers, shift the calculus in favor of team lifts and dial up C-suite focus on becoming an employer of choice.