Industry News
Despite Break in Car Prices, Soaring Insurance Costs Hit U.S. Buyers
A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he ...
Executives on the Move at Lloyd’s
Lloyd's announced that Dawn Miller has been appointed as chief commercial officer of Lloyd's and CEO of Lloyd's Americas, and Marc Lipman has been appointed as president of Lloyd's Americas. Miller ...
Poll: Consumers OK With AI in P/C Insurance, but Not So Much for Claims and Underwriting
A poll to understand American consumers' attitudes toward artificial intelligence in the property/casualty insurance sector shows the strongest support for AI's use in ...
EMC’s Updated Brand Centers on ‘Keeping Insurance Human’
EMC Insurance on Tuesday launched its updated brand with the tagline "Keeping insurance human." The launch includes a new logo and visual identity, as well as a refreshed ...
Verisk Launches Next Generation Catastrophe Models
Verisk, the Jersey City, N.J.-based data analytics and technology provider, has launched a suite of next generation catastrophe models. Verisk's suite of 100+ Next Generation Models (NGM) is designed ...
Inflation Contributes to Rising Loss Costs for U.S. Commercial P/C Insurers: Fitch
Inflation is bringing rising loss costs for U.S. commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three U.S. insurers — Cincinnati Financial Corp., HCC ...
NICB: 2023 Was Another Record-Breaking Year for Vehicle Thefts
Vehicle thefts continue to surge nationwide, according to a new report released by the National Insurance Crime Bureau (NICB). More than one million vehicles were reported stolen, and overall vehicle ...
NAIC Adopts Climate Resilience Strategy to Close Coverage Gaps, Improve Disaster Recovery
To assist property insurers in reducing losses and speeding up recovery from natural disasters, the National Association of Insurance Commissioners' (NAIC) adopted the first-ever National Climate ...
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance
Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes.
But here is ...