The insurance sector faces new AI oversight as the Bermuda regulator eyes modeling risks.
A Senate Banking Subcommittee hearing underscored how artificial intelligence is simultaneously rewriting insurers’ actuarial playbooks and creating new, hard-to-price exposures that must be quantified to unlock reinsurance capital.
The next (and inevitable) Cascadia megaquake could instantly drop entire coastlines by meters, pushing ports, homes, and hospitals into the floodplain for generations.
A Katrina-like storm in Southeast Florida would likely result long-term population loss and permanently higher insurance costs.
Investors are beginning to demand higher yields from U.S. municipalities exposed to climate-driven wildfire risk, signaling a critical shift in how the bond market prices environmental vulnerability.
Insurance, reinsurance, and brokerage firms continue to push the narrative that they are no longer merely sources or conduits for risk capital repriced on an annual cycle. Instead, they now
* Weather Act debate begins * Caifornia wildfire model bill advances * Europe regulator models €35 billion repo cyber risk
Today for RMN paid subscribers: TWIA Actuarial Committee Spikes Rate Hike: “Not Worth The Hassle” Despite years of losses and new legislation that broke in their favor, leaders shot down
