Industry News

​ <a title="Michael M Stokes, CC BY 2.0 , via Wikimedia Commons" href="https://commons.wikimedia.org/wiki/File:Ida_Flooding_%2824%29.jpg" target="_blank"> ​ Congress yesterday approved an emergency measure to keep the National Flood Insurance Program (NFIP) from shutting down. Those of you who write flood insurance policies through the Big "I"'s Flood Program should be able to continue to do so at least until Dec. 3 Feb, 18, 2022. ​The program, which Congress authorizes on a temporary basis, was scheduled to run out of authority on Sept. 30, 2021 Dec. 3, 2021. The NFIP's extension was included in a larger bill to fund the federal government, which also would have shut down in the absence of congressional action. President…

​Pandemic-Recovery Aviation Risks to WatchThe aviation industry is slowly rebounding. But as more aircraft return to the skies, there has been much discussion about the hazards that may arise from such an unprecedented period as well as some of the potential long-term impact on the sector as a whole.Cyber Insurance Claims Trends to Watch in 2022The cyber landscape has undergone a dramatic transformation since the onset of the pandemic, bring out new trends in what sophisticated hackers are doing. Vaccine Mandates are in Limbo While Employers Wait for Court RulingA Willis Towers Watson survey found that 32% of employers plan to add vaccine rules only…

​AIG, Underwriters Leaning on Reinsurance with Prices Set To JumpAmerican International Group Inc. and other insurers avoided steep losses from a spate of extreme weather this year thanks in part to the reinsurance industry. But increased reliance on those policies probably means price hikes are coming.6 Factors That Will Shape P&C Insurance by 2025With a projected compound annual growth rate (AGR) of almost 6%, according to Mordor Intelligence, the U.S. property and casualty (P&C) insurance market outlook for 2020-2025 looks robust.Here's Why Many Workers are Now Hunting for a New JobUsing data from a survey of more than 200 professionals, The Chiral Project, they found…