Industry News
Manufacturers Hammer IBHS Over 15-Year Roof Age Limit for Fortified Designation
Asphalt-roofing manufacturers have come out swinging against a new Insurance Institute for Business and Home Safety standard that limits the coveted "Fortified" designation to roofs younger than 15 ...
Impersonation Top Scam Handled by Allstate
Nearly 60% of scam cases handled by Allstate between January through September 2026 involved impersonation, according to stats provided by the insurer. Scammers posing as trusted people or ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Binance $6.3B Theft Prompts Closer Scrutiny by Insurers
Last week's $6.3 billion Binance heist is prompting insurers to scrutinize crypto companies' security more closely, with underwriters expected to probe if clients are vulnerable to a similar attack ...
New Florida Property Tax Cut Could Impact Insurance Rates
Florida's newly approved property-tax cut is designed to make homes more affordable. But it could also push up another punishing cost of homeownership: insurance. Homes in the Sunshine State are ...
Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses
Allstate Corp. third-quarter 2026 net income applicable to common shareholders dropped nearly 45% with underwriting income down about 30% during the period. Net income was about $2 billion for Q3 ...
Root Reverses Q3 Loss Last Year With $14M Net Income
Root Inc. reported third-quarter 2026 net income of $14.4 million, reversing a loss of $5.4 million over the same period a year ago. For Q3 the combined ratio came in at 97.2 compared with 102.1 a ...
New Partnerships at Hippo, Donegal, Mitchell
Hippo Holdings Inc. announced a strategic partnership with the Innovations segment of Greenlight Capital Re Ltd. that connects opportunities to invest in emerging managing general agents with carrier ...
Costly Vet Bills Drive More Americans to Buy Pet Insurance
The rising cost of veterinary care is pushing more Americans to buy pet insurance, as advances in animal medicine give owners access to treatments that were uncommon or unavailable a decade ago. For ...