In the heart of California, where wildfires have become an unrelenting force of nature, a staggering crisis unfolds year after year, leaving communities devastated and the insurance industry in disarray. With billions of dollars in damages and countless homes reduced to ash, the state faces an
Nigeria's maritime industry stands at a critical juncture, grappling with an outdated financial burden that threatens its global competitiveness, as the federal government intensifies its plea for the removal of war risk insurance premiums on ships entering its waters. These premiums, initially
In a landmark move for Nigeria's financial landscape, a transformative piece of legislation has recently been signed into law by President Bola Tinubu, promising to reshape the insurance sector in profound ways. Enacted on August 5, this new legal framework introduces sweeping reforms aimed at
Imagine a scenario where over a million people suddenly find themselves at risk of identity theft and financial fraud due to a single cybersecurity failure at a trusted insurance provider. This alarming reality unfolded at Farmers Insurance Exchange, where a massive data breach compromised the
In an era where the risk and insurance industry faces unprecedented shifts, one name stands out as a potential harbinger of future trends: Ben Wyatt, Head of Marine, U.S. at Berkshire Hathaway Specialty Insurance (BHSI). With marine insurance evolving beyond its traditional maritime roots to
Imagine a world where insurance companies lose billions of dollars each year to cunning fraudsters who exploit every loophole with sophisticated schemes, leaving honest policyholders to bear the burden of higher premiums. This is not a distant scenario but a stark reality, with the FBI estimating
