Industry News
USAA to Lay Off 220 Employees
USAA is laying off 220 employees in an effort to reprioritize positions amid changing business needs, the San Antonio-based insurer announced this week. This is the latest round of layoffs at USAA, ...
Novidea Secures Additional $30M, Bringing Total Series C to $80M
Novidea, a creator of a cloud-based, data-driven enterprise insurance management platform, announced it has raised an additional $30 million from HarbourVest Partners, bringing its total Series C ...
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 fraud detection, delivering ...
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 website and social media ...
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 ...