Industry News
Nationwide Taking Actions to Limit Risk in Personal, Commercial Books
Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 "business actions update" Nationwide announced moves "to mitigate risk and ...
Driver Technologies Closes $6M Strategic Funding Round
Driver Technologies Inc., an AI-based mobility tech company, announced the closing of a $6 million strategic funding round led by New York-based investment firm, IA Capital, and CT Innovations, the ...
The Latest Launches from Sproutt, Coalition
Sproutt, a life insurance company that serves agencies, agents, and their customers, announced the development of an AI engine that is currently available only to limited groups to boost its ...
J.D. Power: Biggest Auto Customer Satisfaction Drop in 20 Years
One-third (31 percent) of auto insurance customers in the U.S. reported a rate increase in the past year, leading to a growing number participating in usage-based insurance (UBI). This has led to the ...
Major Insurers Under Scrutiny by Dems on U.S. Senate Committee
Democrats on the U.S. Senate Budget Committee launched an investigation on Friday into major insurers' "support" of new fossil fuel projects, on the heels of an industry retreat from areas prone to ...
Climate Change and Homeowners Insurance Are on a Collision Course
A summer that already has seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched battle between climate change and the price of ...
Fitch: Hardening Commercial Lines Market to Continue Through 2023
This year will mark the fourth year of a hardening market for commercial lines underwriting cycle, according to the latest U.S Commercial Lines Market Update released by Fitch Ratings.. The Council ...
Farmers CEO Reverses Course to Require Hybrid Work Schedule for Employees
New Farmers Group CEO Raul Vargas has reversed a prior company decision to allow most workers to do their jobs from home by instituting a hybrid work schedule starting in ...
Former SCOR CEO Kessler Has Died at 71
Denis Kessler, non-executive chairman of SCOR and the reinsurer's former chief executive, died Friday at the age of 71, the company said.