Industry News
Homeowners Insurer Retreat Signals Climate, Regulatory and Economic Challenges: Fitch Ratings
The recent retreat of large homeowners insurance carriers, like Allstate and State Farm, from the California property insurance market signals ongoing regulatory constraints, rising cost inflation ...
FEMA Hit by Multistate Lawsuit Over Flood Insurance Rating Formula
A federal lawsuit claims FEMA failed to take into account skyrocketing flood insurance costs generated by its new rating system, Risk Rating 2.0.
The U.S. State Department has warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, ... The Federal Bureau of Investigation and Boston Police reported they have arrested a cyber insurance attorney in connection with a series of sexual assaults and ... "Political attacks" are interfering with insurers' efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers ...
Speeding, Distraction a Deadly Summertime Problem for Teens
Nearly half of all teen auto fatalities happen during the 100 Deadliest Days — the period between Memorial Day and Labor Day, according to a new report by Cambridge Mobile Telematics (CMT) that ...
Evertas to Offer Largest Crypto Insurance Policy With Coverage Up to $420M
London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S. ...
Another Soft Market Is Inevitable
In recent weeks, executives of brokers and carriers have been delivering mixed messages about conditions in the commercial insurance market. "The long curve, the larger trend, is bending in a ...
U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems
Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago
Digital Personal Lines Claims Portals at High Risk of Identity Fraud
Identity-related fraud is putting personal lines insurers to the test. Nearly all offering digital claims portals reported, in a newly released survey, that identity fraud has a negative impact on ...
Climate Alliance Sounds Alarm on ‘Political Attacks’ on Insurers