Industry News
More Auto Parts Delays? U.S. Scrutinizing China Supply Chains
Electric vehicle batteries and other car parts are the latest products under scrutiny as part of Washington's effort to stamp out U.S. links to forced labor in Chinese supply chains, according to a ...
Insurers Fume at Proposal That May Crimp Private Investments
Representatives of the multitrillion-dollar insurance industry are hurling criticism at a proposal that could make it harder to invest in deals sold in fast-growing private markets that offer higher ...
Private Flood Insurers Seize Opportunity as NFIP Falters
While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to ...
LexisNexis: Despite Challenges, Auto Insurers See Positive Growth in New Policies
Quarterly year-over-year auto insurance shopping growth in the U.S. was +5.2 percent in Q2 2023, according to the most recent LexisNexis Risk Solutions Insurance Demand Meter report. Reacting to ...
Rate Hikes Not Bringing Profit to U.S. Auto Insurers: Fitch
Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine ...
Allstate Agrees to Settle Shareholders Class Action for $90M
To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million fund for shareholders who accused the insurer of false and misleading statements ...
More Signs of Life in Florida: New Insurers, More Citizens Takeouts
Florida's property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the arena.
Midsize Cars Struggle With Rear Seat Safety: IIHS
New analysis released by the Insurance Institute for Highway Safety (IIHS) highlights a known safety issue with rear seats—submarining beneath the lapbelt—putting a passenger at risk for internal ...
CLARA Analytics Adds to GenAI Extracting Data From Demand Packages
Insurance carriers looking to quickly decipher demands in newly filed lawsuits can now do so through the use of generative artificial intelligence (AI), according to CLARA Analytics. The AI ...