Markets
Survey Shows Homeowners Warming to DIY Digital Claims, Insurance Processes
Nearly 80 percent of U.S. homeowners would use their smartphones to document property damage for an insurance claim, according to a new survey that suggests self-service digital tools could play a ...
Cyber Insureds Gain Ground on Attackers, But Holidays Bring Heightened Risk: Report
Large insured companies that have strengthened their cybersecurity preparedness and response capabilities are becoming increasingly resilient against cyberattacks, helping mitigate some large cyber ...
Workers Compensation Continues to Lead P/C Industry With Strong Profits
Although economic uncertainty could affect insurers in the near to midterm, the workers compensation line continues to be a key driver of the profitability of the entire property/casualty insurance ...
High Demand for Gen AI Insurance; Buyers Say They’ll Pay More: Report
A new survey of corporate insurance buyers reveals widespread interest in buying insurance to cover Gen AI risks—and a willingness to pay up 10-20 percent more in organization-wide insurance ...
WTW Offers Parametric Insurance With Weather-Warning Trigger
Willis, a business of WTW, announced the launch of a parametric policy that is activated automatically when a red weather warning is issued by the UK Met Office or Met Éireann, the Irish National ...
Florida’s Citizens Is Deferring Flood Coverage Proof While NFIP Is Shut Down
Florida's Citizens Property Insurance Corp. is deferring the required proof of flood insurance while the federal government shutdown continues and the National Flood Insurance Program is in limbo. ...
IBHS Study Shows Smaller Hail May Be More Damaging to Roofs Than Once Believed
A study by the Insurance Institute for Business and Home Safety (IBHS) found roof damage from smaller hailstones may be much more significant than previously believed. It's a finding that one ...
Reimagining Homeowners Insurance in the AI-Powered Claims Era
Historically, the insurance claims process was built on paper files, and that infrastructure has not fundamentally changed in more than 100 years. It's long overdue for a refresher. Even as carriers ...