Industry News
North Carolina Calculates Helene Damage at $58B, Far More than Florence
The catastrophic flooding and destruction caused by Hurricane Helene in western North Carolina likely caused at least a record $53 billion in damages and recovery needs, Gov. Roy Cooper's ...
Economic, Social Inflation Influencing Drop in Auto Insurance Underwriting Profits: Triple-I/CAS
Commercial auto insurance has struggled to achieve underwriting profitability, even before inflationary conditions affected property/casualty lines in recent years. The trend has been accompanied by ...
S&P Reveals Top 50 Largest P/C Insurers
As the third-fastest growing company on a list of the world's top 50 largest insurance companies, State Farm Mutual Automobile Insurance Co. continued to rank No. 1, according to research S&P ...
Herald Raises $12M in Series A Funding Round
Herald, a digital infrastructure provider for commercial insurance, announced a $12 million Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures with participation ...
Global Commercial Insurance Rates See 1st Quarterly Decline in Seven Years: Marsh
Global commercial insurance rates fell 1 percent in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter ...
Georgia Legal System Abuse Focus of New Triple-I Awareness Campaign
To raise awareness of the impacts of legal system abuse to Georgia consumers, businesses and insurers, the Insurance Information Institute (Triple-I) launched a multi-faceted campaign that includes ...
Affordable Housing in Hawaii Threatened by Rising Insurance Prices
Lahilahi Heen has lived for decades in a three-bedroom house surrounded by a carefully groomed garden in the lush Hawaiian Shores subdivision in Lower Puna. It's also downslope from Hawaii's most ...
80% of New Yorkers Feel City Is Unprepared for Climate-Related Risks
A recent survey reveals that 80 percent of New York City residents feel their city is unprepared for climate-related risks. Of the 500 New Yorkers surveyed, only 6 percent believe the city is ...