Farmers Halts Homeowners Policies in Florida
Farmers Insurance confirmed it has halted sales of new homeowners policies in Florida just as the new hurricane season is getting underway.
Industry News
InsurTech Thinksurance Raises $24M in Latest Funding Round
Thinksurance, a Frankfurt, Germany-headquartered InsurTech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding. The ...
Investors Step Up Risk Management After Last Year’s Crypto Meltdowns
Cryptocurrency investors have grown more cautious about who they do business with after being burned last year by sudden collapses of Celsius Network, Voyager Digital, FTX and others, and fearing a ...
Robotics in the Workplace Improves Safety: White Paper
Adding technology in the workplace can help injuries and deaths, especially in manufacturing, says a new white paper released by the National Safety Council. "Robotics have long been deployed by ...
Generali Set to Buy Some Liberty Mutual’s European Ops in $2.5B Deal
Boston-based Liberty Mutual Insurance and Generali Group announced a definitive agreement for Generali to acquire some western European operations of Liberty Seguros, S.A.—Liberty Mutual's personal ...
By the Numbers: Rising Insurance Litigation
A new report highlighting trends in federal district courts and appellate courts indicates insurance litigation continues to increase, especially relating to business liability policy, ...
Wildfire Fears at ‘All-Time High’ and Driving Insurer Decisions in Property Market: Gallagher Re
Despite a relatively average 2022 wildfire season, fears of wildfires remain at an "all-time high," and those fears appear to be one driver of decision-making on property ...
AM Best: U.S. Cyber Insurance Segment Reflects Hard Market, Profits
Last year marked robust growth in the U.S. cyber insurance market, with direct premiums increasing by 50 percent to $7.2 billion, brought on by better underwriting and improved loss ratios, according ...