Industry News
Federal Reinsurance for Cats: No Thanks, APCIA Says
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers' issues with growing private reinsurance costs. But a trade group for carriers ...
Survey: Carrier Connectivity Top of Mind for Agents
Agents continue to favor carriers and MGAs that offer automation, ranking ease of doing business and time savings at the top of the list of value they get from connectivity, according to a newly ...
Surge in Auto Insurance Rates Factor into Recent U.S. Inflation Climb
Even as U.S. inflation has eased in the last year, an unusual culprit has emerged in recent months as a surprise force in preventing consumer prices from falling even further: auto insurance. ...
Should Carriers Worry About Workers Comp? Yes and No
Commercial lines outlooks are stable, rating agencies say, pointing to the bright spot of continuing profits in the workers compensation line. In addition, in early January 2024, NCCI confirmed that ...
The Latest Launches from Dyad, Ford Pro Insure, Sure
Following XDimensional Technologies' acquisition of I-Engineering in June 2023, the two companies have come together to launch a new company brand, Dyad. These two companies are now one, brought ...
hyperexponential Raises $73M Series B to Expand Insurance Pricing Platform
hyperexponential, a provider of pricing decision intelligence software, announced the completion of its $73m Series B funding round led by global technology-focused investment firm, Battery Ventures. ...
Specialty Insurer RLI Ranks Among Best Places to Work: Glassdoor
Listed between technology companies Google and Cisco Systems, Peoria, Ill.-based RLI Corp. is among 100 large U.S. companies being recognized by Glassdoor as one of the best places to work in 2024. ...
Another Title Insurer Hacked: Fidelity National Says 1.3M Affected
Title insurer Fidelity National Financial (FNF) said about 1.3 million customers have been impacted by a cyber attack it suffered last November. According to a filing with the U.S. Securities and ...
Trueman Joins CFC as CUO After Recent Management Shakeup
CFC, the specialist managing general agent, announced that Dan Trueman has joined the business as chief underwriting officer (CUO).
After ...