Industry News
‘Risky in California’ Spurs Push for Home Insurance Overhaul
California is prioritizing home insurance availability as it rewrites market rules to coax back insurers and ease a coverage crunch in a state ravaged by wildfires, said Insurance Commissioner ...
Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s
A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according ...
N.J. High Court to Hear E-Scooter Rider’s Bid for No-Fault Auto Benefits
David Goyco says he was like a bicyclist when he was injured while riding his low-speed electric scooter and hit by a car. Thus, he contends, he is entitled to personal injury protection (PIP) ...
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 ...