The insurance coverage trade and public sector each play a essential function in serving to to mitigate danger for purchasers and constituents. However, as prices to insure property and long-term care within the U.S. rise, states more and more turn into the insurers of final resort.

On this Insurance coverage Information Evaluation, we give attention to the U.S. market and the areas of danger that extra states are assuming. There was quite a lot of information concerning the function of the general public sector in property danger—particularly after Hurricane Ian left many shoppers in Florida questioning how wind and flood harm could be coated. As we start Atlantic Hurricane Season 2023, we discuss what forecasters are predicting and the way insurers might help clients to know their dangers and the way coverages are supplied.

States are additionally assuming an even bigger function in dangers past property. The State of Washington simply launched its public long-term care program, and Missouri and California are poised to comply with. We talk about what this implies for purchasers and the long-term care merchandise the trade has historically supplied.

We additionally speak concerning the information insurers are utilizing to raised perceive the dangers their clients face. There are strikes on the state degree to restrict what varieties of knowledge carriers can use to underwrite and worth danger. We contemplate what impacts such limitations might have as insurers increase the workforce with AI capabilities.