News
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans
A year after the Los Angeles wildfires, many survivors face the same problem: Their insurance policies aren't paying out enough to cover the cost of rebuilding. It's a tragic predicament. And it will ...
Back to Normal: Swiss Re Institute Sees U.S. P/C Insurance Past Cyclical Peak
A day before the first publicly traded U.S. insurer, Travelers, was set to report fourth-quarter 2025 financial results, Swiss Re Institute released an outlook for the next two years—2026 and 2027. ...
Lemonade to Cut Tesla Insurance Rates in Half for Miles Driven With Software Assistant
U.S. insurer Lemonade said on Wednesday it would offer a 50% rate cut for drivers of Tesla electric vehicles when the automaker's Full Self-Driving (FSD) driver assistance software is steering, ...
Global Weather Pattern Links Floods, Droughts Across the Planet
Scientists tracking Earth's water from space discovered that El Niño and La Niña are synchronizing floods and droughts across continents, according to a new study published in AGU Advances by the ...
Massive Snowstorm Causes 100 Vehicle Pileup in Michigan Crash
More than 100 vehicles smashed into each other or slid off an interstate in Michigan on Monday as snow fueled by the Great Lakes blanketed the state. The massive pileup prompted the Michigan State ...
Insurance Regulators, Trades Get Behind Latest Effort to Abolish FIO
The nation's insurance commissioners and industry trade associations are looking to support efforts to put the Federal Insurance Office (FIO) back on the chopping block. Late last week, Rep. Troy ...
Executives on the Move at Cowbell, The MEMIC Group, Philadelphia Insurance Companies
Cowbell announced the appointment of Simon Hughes as Chief Commercial Officer. Hughes, who previously served as SVP, Global Distribution & GM, UK, will oversee ...
Florida OIR Triples the Size of Citizens’ Rate Decrease
With takeouts continuing at a steady pace and more carriers working the Florida property insurance market, state regulators saw fit to more than triple the size of Citizens' Property Insurance Corp. ...