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Florida Senate warns insurers 'there will be hell to pay' if rates don't drop

Can Florida lawmakers save the state’s crumbling property insurance market from collapse? That’s the goal this week as members returned to the capital for a special session. Before ....

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Lighthouse Insurance liquidation leaves customers in the lurch

Homeowners who are insured through Lighthouse Properties are scrambling to find coverage. Court documents showed the Louisiana-based company was placed into receivership on April 5th and was signed off to be liquidated on April 28th. ....

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AI powers reputational damage insurance policy

AI powers reputational damage insurance policy
Reputational damage has an immediate impact on a company’s share price, and brand loyalty built over many years can be lost in an instant
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Published: 23 Feb 2021 11:51
Insurance broker Willis Towers Watson has joined forces with Liberty Specialty Markets to introduce artificial intelligence (AI)-powered reputational crisis insurance.
The product uses live, client-controlled reputational data and intelligence analysis, provided by Polecat Intelligence.
Reputations can be bolstered or decimated by an inappropriate Tweet, and sometimes the company is only made aware of the reputational damage when the comment is distributed by an influencer or celebrity on social media. ....

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Precautionary Credit Line Provides Panama with Crisis Insurance HTML File

Precautionary Credit Line Provides Panama with Crisis Insurance HTML File
01/20/2021 | 02:34pm EDT
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Panama city harbor: Panama s capital city has been especially hard hit by COVID-19. (photo: OGPhoto by Getty Images)
January 20, 2021
On January 19, 2021, the IMF Executive Board approved Panama s request for a 2-year Precautionary Liquidity Line (PLL) of $2.7 billion.
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After over two decades of record high growth, Panama is facing a sharp economic contraction following months of pandemic-related lockdowns. With support from the IMF, the government is combating the economic shock, but with a second wave of contagion potentially underway, the country is using the precautionary liquidity line as an insurance policy against new shocks. ....

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