Industry News
Nationwide Pet Shedding 100,000 Policies
The leading pet insurer in the U.S. said it is dropping about 100,000 policies starting this spring, citing inflation in the cost of veterinary care. Nationwide Pet, the leading provider of pet ...
Most EVs in the U.S. Are Still Being Shipped to the Same Few States
As the U.S. car market swiftly and steadily goes electric, the Volkswagen ID.4 remains near the front of an increasingly crowded field. Americans bought nearly 6,200 of them in the first three months ...
Property-Catastrophe Reinsurance Rates Drop by 5% at June Renewals: Howden Re
Property-catastrophe rates saw some moderating trends during the June 1 reinsurance renewals, with average risk-adjusted rates-on-line decreasing by 5 percent within a typical range of -7.5 percent ...
New Language in California Budget Seeks to Expedite Insurance Rate Filing Approvals
Insurers are praising new trailer bill language in the California budget that promises to expedite the home and auto insurance rate filing approval process. California Gov. Gavin Newsom first made ...
U.S. P/C Insurers Hit Record Investment Income in 2023
The U.S. property/casualty insurance segment's net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The ...
Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry
The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the ...
Tech Bytes: New Partnerships at Send, Mulberri, Bold Penguin
Send Technology Solutions Ltd and software company Decerto have announced a new strategic partnership to deliver Send's underwriting platform to commercial and specialty insurers in Europe and North ...
The Latest Launches from Zywave, Cytora
InsurTech provider, Zywave, announced the launch of Cyber Quoting, the latest addition to its portfolio of quoting and proposal solutions. The centralized quoting platform brings together global ...