Markets
Agents Must Take the Lead on Personal Cyber Coverage, Report Says
While major corporate cyber hacking makes the news nearly every day, what about hackers in homes? As personal lives and residences become more intertwined with the internet, consumers are at greater ...
Class Action: Drivers Sour on Lemonade for Exposing License Numbers
A new class action lawsuit alleges that digital insurer Lemonade has violated the privacy of as many as 190,000 drivers by exposing license numbers to cybercriminals through its online auto insurance ...
NYC Council Passes Bill to Lower Insurance Limits for For-Hire Vehicles
With urging from a coalition of for-hire vehicle drivers and companies including Uber, the New York City Council voted to lower a for-hire vehicles' insurance requirement in hopes of lowering ...
California vs. Florida: A Tale of Two Insurance Markets
Until recently, homeowners insurers weren't allowed to use catastrophe models to justify needed rate increases, or to include the cost of reinsurance in their rate indications in the state of ...
CDI Announces Investigation of State Farm Wildfire Claims Handling
California Insurance Commissioner Ricardo Lara on Thursday announced a formal investigation into State Farm's handling of thousands of insurance claims from wildfire survivors affected by the ...
Beyond the Call: How Real-Time AI Lets Insurers Deliver Calm During Storms
When extreme weather events strike, property/casualty insurance providers can count on a deluge of customer service calls from policyholders with high personal and financial stakes. Each weather ...
Why FEMA Keeps Denying Disaster Preparedness Aid to States
The Trump administration is increasingly skipping a form of federal disaster aid that helps states better prepare for future storms, flooding and wildfires. The Federal Emergency Management Agency ...
Wildfire Season Preview: Rest of 2025 Is High-Risk, May Follow LA Wildfires Paradigm
Following the "paradigm-shifting" Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that "wildfire is no ...