Industry News
Increased Auto Insurance Premiums Likely as Lines Face Pricing Pressures Head On
Insurance claims inflation has risen faster than the underlying consumer price index (CPI), outpacing auto insurance premium increases, according to a new study, Auto Insurance: The Uncertain Road ...
Another Insurer Limiting Florida Insurance Policies
AAA won't renew "a very small percentage" of homeowners and auto insurance policies in hurricane-wracked Florida, joining other insurers in limiting their exposure in the Sunshine State despite ...
District of Columbia Sues Manufacturers for ‘Forever Chemical’ Contamination
District of Columbia Attorney General Brian L. Schwalb has filed a lawsuit against more than 25 chemical companies for manufacturing, marketing, distributing and selling products containing dangerous ...
The Latest Launches From Corvus, INSUREtrust, In The Car
Corvus Insurance, a cyber underwriter powered by an AI-driven cyber risk platform, announced new AI and natural language processing driven features to increase the degree of automation of routine ...
New NOAA Hurricane Model Launched
A new hurricane model released last month by NOAA's National Hurricane Center, a division of the National Weather Service, has proved better at predicting rapid intensification. The Hurricane ...
Bain Capital Raises $1.15B for First Insurance Investment Fund
Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior ...
Utility Investors Wary of Exposures After Buffett’s PacifiCorp Held Liable for Wildfires
Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and equipment blamed for igniting ...
Workers Compensation Remains Profit Engine for U.S. P/C Insurers: AM Best
Workers compensation insurers' underwriting results continued to outpace the rest of the U.S. property/casualty commercial sector in 2022, as they benefited from the long-term decline in workplace ...