Industry News
Florida Busts $11M Auto Insurance Fraud Ring
Last month, Florida's Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of Angela Augustine, an insurance claims adjuster, who was allegedly involved in a $11.6 million automobile ...
Some Buyers Wait Months for Cyber Policies With Coverage Gaps
According to privileged access management Delinea's report, Closing the Cyber Insurance Gap - 2023 State of Cyber Insurance, a significant gap is emerging between insurance carriers and organizations ...
Progressive’s Earning Snapshot Shows Carrier Near Underwriting Profit Goal
Progressive's combined ratio for the first nine months of 2023 was 97.2, just over a point higher than the company's target of 96 and also above a 96.5 result the carrier posted for the same period ...
Tech Bytes: New Partnerships at Cowbell, BOXX Insurance, Pattern
Cowbell, a provider of cyber insurance for small and medium sized enterprises, announced its partnership with Zywave, a provider of InsurTech solutions. The partnership is powered by Herald, a ...
Nautilus Appoints Petronko SVP, CFO
Nautilus Insurance Group, a Berkley company, announced the appointment of Rob Petronko as senior vice president and chief financial officer. With more than 19 years of experience in the insurance ...
Slide Acquires Renewal Rights on 86,000 Florida Farmers Insurance Customers
Slide Insurance, an insurtech offering homeowners coverage in Florida, announced the acquisition of renewal rights for 86,000 Florida homeowners insurance policies previously insured by Farmers ...
Generali to Sell TUA Assicurazioni to Allianz in $295M Deal
Generali said on Thursday that it has reached an agreement with German insurance heavyweight Allianz for the sale of TUA Assicurazioni for 280 million euros ($295 million) in ...
Most Commercial Auto Insurers Researching Telematics: Survey
Approximately 78 percent of commercial auto insurers are in the research phase of preparing for usage-based insurance (UBI) products, according to a new report from The National Alliance for ...