Since the release of the FEMA Review Council report on May 7, LMA has done a deep dive into the 70+ page report and it is clear that local and state government risk transfer to the worldwide insurance market is top of mind. I was asked by Florida’s emergency management director Kevin Guthrie to teach …
State insurance and emergency management officials travel Florida to spread timely tips to residents as we begin a new hurricane season, Commissioner Yaworsky says the condominium insurance market is improving as he releases an updated Catastrophe Reporting Form for companies, his regulators hold more workshops on wind mitigation discounts and …
While increasingly hostile weather has played a role in growing annual catastrophe losses that now average $132 billion globally, it’s actually non-hazard factors such as oil prices, construction materials, and labor costs that account for 80-90% of the increased cost. This revelation comes by way of the Q1 2026 …
The House Financial Services Subcommittee on Housing and Insurance recently held a hearing titled “Diversifying Risk: The Benefits of Reinsurance and Credit Risk Transfers,” focused on how reinsurance and credit risk transfer (CRT) mechanisms protect taxpayers and stabilize federal insurance and housing programs. Generally, diversifying risk and spreading the losses …
How many of you have encountered AI notetakers out in the wild yet?
If you’re not using notetakers at your own workplace, chances are you’ve already been recorded by one. They’re extremely popular with doctor’s offices in particular, where your consent for such recording can be subtly obtained alongside the customary …
We’ve all heard of the age-old golden rule, but the Ritz-Carlton has been operating a plane higher with their “$2,000 Rule” for decades and changing the face of customer service in the process.
Back in 1983, CEO Horst Schulze made a large change to company policy and employee empowerment, allowing every employee to spend $2,000 …
