Industry News
Dellwood Insurance Says AIG’s ‘Ginned-Up Claims’ Must Be Dismissed
The legal squabble between American International Group (AIG) and a startup formed by some former employees continued this week with another filing from Dellwood Insurance Group in support of its ...
University of California Purchases Sensor-Triggered Earthquake Parametric Policy
What is being called the first sensor-triggered earthquake parametric insurance policy in the U.S. was purchased by The University of California. Liberty Mutual Reinsurance, part of Liberty Mutual ...
Agent Satisfaction With Insurers Holds Strong Despite Market Challenges
Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines ...
A Once-Quiet Florida County Is Now a Hurricane Magnet — and Forecasters Are Puzzled
For more than a century, Florida's Taylor County saw the fewest hurricane strikes of any place on the U.S. Gulf Coast. In the last year, that peace has been shattered. Helene, which has killed more ...
Human Assistance Still Top Choice for Insurance Advice, While AI Interest Rises
While 88 percent of respondents prefer human assistance for insurance advice, interest in AI is rising as people look for simpler solutions, according to a survey released by UserTesting, an SaaS ...
AccuWeather Raises Helene Total Damage Estimates by $50B; Insured Loss Estimates Not Ready
While inland flooding complicates the picture of still-to-be-determined insured loss estimates from Hurricane Helene, a weather forecasting firm has already delivered a second estimate of total ...
Roots Automation Closes $22.2M Series B Funding Round
Roots Automation, creator of the AI-powered Digital Coworker and InsurGPT, a generative AI model for insurance, announced the closing of a $22.2 million Series B funding round. Harbert Growth ...
Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B
Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing. U.S. retail broker McGriff, an affiliate of private ...