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

On this Insurance coverage Information Evaluation, we deal with the U.S. market and the areas of threat that extra states are assuming. There was a whole lot of information concerning the position of the general public sector in property threat—particularly after Hurricane Ian left many shoppers in Florida questioning how wind and flood injury could be lined. As we start Atlantic Hurricane Season 2023, we discuss what forecasters are predicting and the way insurers might help prospects to grasp their dangers and the way coverages are offered.

States are additionally assuming an even bigger position 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 focus on what this implies for purchasers and the long-term care merchandise the trade has historically provided.

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