Industry News

Wait ‘Til Next Year: Auto Profit Unlikely to Return in ’23, S&P Says

In spite of continued actions to raise prices of coverage, auto loss costs continue to climb and profits will continue to elude personal auto insurers—probably until 2024, analysts at Standard ...

Tech Bytes: New Partnerships at Corvus, bolt, Goosehead Insurance

Cyber underwriter Corvus Insurance announced the launch of a new program with Core Specialty to support the expansion of its excess tech E&O and cyber product with additional capacity. This is ...

Markets/Coverages: Clearcover, Experian Team on Embedded Auto Insurance Solution

Digital car insurer Clearcover Insurance Company, said April 26 that it launched an embedded insurance solution in which consumers receive final, bindable quotes when they shop on Experian's auto ...

Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh

Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11 percent compared to 28 percent in Q4 2022, according to the Global Insurance ...

J.D. Power: Rising Premiums Tighten Auto Insurance Market as Customers Search for Deals

State Farm Tops List of Large Insurers Providing Satisfying Shopping Experience, While The Hartford Ranked Highest Among Midsize Insurers Saving money is the primary focus of consumers searching for ...

How Insurers Can Harness the Power of AI

There is a lot of talk about the insurance industry being slower to adopt new technologies such as artificial intelligence, but Counterpart CEO Tanner Hackett and Socotra ...

Catastrophe Losses Hinder Chubb Q1 Net Income

First-quarter net income at Chubb Ltd. fell several percentage points to about $1.9 billion as catastrophe losses evened gains in premiums written.

Roof Damage Research: Small Hail Matters

New analysis by the Insurance Institute for Business & Home Safety (IBHS) and ZestyAI, a climate and property risk analytics provider, finds property/casualty insurance carriers need to broaden ...