Markets
Details of Calif. Wildfire Plan Sketchy, but a Useful Marketing Tool for Data Vendors
A proposal by California's insurance regulator to require insurers to write more policies in areas at risk of wildfires is more a promise than a plan, but the announcement is giving data analytics ...
Mobility Trend: Consumers Prefer AV Deliveries Over Robots, Drones
With Amazon aiming to make 10,000 deliveries with drones in Europe this year and Walmart planning to expand its drone delivery services to an additional 60,000 homes this year in the states, ...
More Americans on the Road This Thanksgiving Holiday
An estimated 55.4 million travelers will head 50 miles or more from home over the Thanksgiving holiday travel period, an increase of 2.3 percent over last year and the third-highest Thanksgiving ...
U.S. Contractors, Insurers Overlooking Some Safety Improvements in Construction
Many American construction firms are failing to implement obvious and inexpensive safety measures that could save lives, reduce injuries and avoid costly insurance claims. And many insurers are not ...
Hyundai, Kia Must Face Insurers’ Lawsuits Over Vehicle Thefts
A U.S. judge rejected bids by Hyundai and Kia to dismiss litigation by several hundred insurers seeking to recoup more than $1 billion they claim to owe drivers whose vehicles were stolen or damaged ...
Up and Down: InsurTech Funding Headed for Six-Year Low
Trackers of InsurTech deals revealed a 19-20 percent uptick in InsurTech funding for the third-quarter of 2023,compared to second-quarter totals, but year-to-date deal volume is less than half of ...
Zurich’s Farmers Seeks More Fee Income Via Broker Acquisitions
Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for $760 million. The deal also includes the ...
What to Expect: ‘No Material or Sudden Changes’ in Commercial Insurance Pricing
Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn't expecting any major changes in the pricing for commercial casualty or property ...