Industry News
Tech Bytes: New Partnerships at One Concern, Cover Whale
One Concern, an AI physical risk company, and Swiss Re, a global reinsurance leader, announced a strategic partnership that aims to enhance the underwriting and management of natural catastrophe ...
Florida’s Gulf Coast Begins Cleanup From Hurricane Idalia
Cleanup and recovery from Hurricane Idalia began on Thursday along Florida's Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that ...
Idalia Rumbled Ashore as Cat 3, Lashing Tallahassee and Much of Florida and Georgia
Just when parts of the property-casualty industry thought it was safe to re-enter the Florida market, Hurricane Idalia made landfall closer to the heavily populated Tallahassee area than expected and ...
Financial Institutions Bank Heavily on Embedded Insurance
Interest in insurance digital offerings is growing significantly, especially by banks and fintechs, with the majority expecting digital products to comprise 10 percent or more of revenue within three ...
Reinsurers’ Cyber Rates Expected to Rise as They Seek to Regain Profitability: S&P
More cyber reinsurance rate increases can be expected as reinsurers seek to regain underwriting profits in their cyber portfolios, according to a report published by S&P Global ...
2023 to Test Recent Growth in Private Flood Insurance Market
The private flood insurance market has been growing, but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the ...
Tile, Amazon Face Lawsuit From Stalking Victims Over Tracking Device Product
A tracking device called Tile may be effective in preventing its user from losing keys, a dog or a purse, but it is also a tool used by stalkers, according to two women who have filed a proposed ...
Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges
Farmers Insurance announced it will part ways with approximately 2,400 employees — 11% of its workforce across all lines of business. "Decisions like these are never easy, and we are committed to ...