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Industry Roundup: 6 Factors That Will Shape P&C Insurance by 2025; Here’s Why Many Workers are Now Hunting for a New Job; 6th Circuit to Hear Consolidated Lawsuits Challenging Biden Workplace Vaccine Rule

​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…

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How to Leverage Broker Tech in a Hard Cyber Market?

​A guest post by Relay Platform​.Cyber insurance has faced its share of hard bumps over the past few years. Following an unrelenting tide of cyber security claims and a subsequent spike in rates and coverage restrictions, cyber insurance has become a trying market for insurance brokers to say the least. And with cyber criminal activity showing no sign of waning, the trend is likely to continue.To weather the storm, brokers need to be innovative in order to compete. In the digital age adopting the right technologies has become synonymous with embracing the right technologies. In this article, we'll take a look at the new breed…

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State Proposes Regulations For Homegrown Cannabis

​The newly-created New York State Office of Cannabis Management has proposed new regulations that would govern the personal cultivation of cannabis plants. If adopted, the proposal published in the Nov. 17, 2021 edition of ​New York State Register would set the legal parameters for individuals who wish to grow marijuana plants  in their homes. Growing cannabis at home may increase the risks of losses covered by homeowners and renters insurance.The proposed rules permit cultivation of cannabis plants by individuals over age 21 in or on the grounds of their private residences. There are limits on the permissible number of "mature plants" (flowering plants visibly budding) and "immature plants"…

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