Patricia Vowinkel

5 days ago | businesswire.com | Patricia Vowinkel

OLDWICK, N.J.--(BUSINESS WIRE)--In its June issue, Best’s Review reports on how insurers, without the rate adequacy they need to sustain their books, are exiting high-risk areas and leaving consumers with few remaining options. Many homeowners have had to turn to the residual market because of a decline in availability of coverage, even though FAIR Plan policies may cost more than private insurance in the voluntary market and may offer less coverage. Read the article here.

3 weeks ago | businesswire.com | Patricia Vowinkel

OLDWICK, N.J.--(BUSINESS WIRE)--The June issue of Best’s Review examines how the impact of climate risk and severe weather events has reshaped the insurance industry, even causing homeowners to turn to the so-called insurers of last resort, FAIR Plans: “The Last Resort: As Private Insurers Exit High-Risk Areas, FAIR Plans Find Competitive Foothold” reports how homeowners are turning to the residual market because of the decline in availability of coverage, even though FAIR Plan policies may...

1 month ago | businesswire.com | Patricia Vowinkel

OLDWICK, N.J.--(BUSINESS WIRE)--In the past 30 days, Best’s Review readers have been most interested in the following insurance news coverage:“Insurance Industry Embraces AI Innovation as Technology Advances ‘Exponentially’” looks at how insurers have welcomed artificial intelligence to help customers and better understand risk. “Lower-Cost Cell Captives Emerge as Groups’ Risk Management Program” examines why organizations looking to protect themselves against risk are turning to cell captives.

1 month ago | businesswire.com | Patricia Vowinkel

OLDWICK, N.J.--(BUSINESS WIRE)--In its May issue, Best’s Review reports on how insurers have put aside their initial reluctance and welcomed artificial intelligence to help customers and better understand risk. The article “Insurance Industry Embraces AI Innovation as Technology Advances ‘Exponentially” features insurance executives who discuss the real-world AI applications within the industry, from weather tools that aid in fortifying homes to an ecosystem of virtual agents.

1 month ago | businesswire.com | Patricia Vowinkel

OLDWICK, N.J.--(BUSINESS WIRE)--In the past 30 days, Best’s Review readers have been most interested in the following insurance news coverage:“Life Insurers’ Investment Complexity, Reliance on Offshore Reinsurers Raise Concerns About Stability” looks at the implications of the life insurance sector’s structural changes.