Industry News
Severe Weather Set to Boost U.S. Disaster Funding Needs, FEMA Says
Growing extreme-weather risks mean President Joe Biden's expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. ...
Nationwide Tops J.D. Power Small Commercial List; Satisfaction Hits All-Time High
Despite rising interest rates and less than desirable business conditions, small business insurance consumers are increasing satisfied with the products and services offered by their insurance ...
Wright Launches New Residential Private Flood Insurance Option
FocusFlood, Wright National Flood Insurance Services' latest product and an extension of its ResiFlood program was announced today. Available in Florida, Texas, New Jersey, South Carolina and ...
Claims Pros Warned About Confirmation Bias and Inflated Line Items
GARDEN GROVE, California—The charred remains of a dog found among the ruins of a house that was destroyed in a sudden fire added an air of legitimacy to the insurance claim. For sure, homeowners ...
More Auto Parts Delays? U.S. Scrutinizing China Supply Chains
Electric vehicle batteries and other car parts are the latest products under scrutiny as part of Washington's effort to stamp out U.S. links to forced labor in Chinese supply chains, according to a ...
Insurers Fume at Proposal That May Crimp Private Investments
Representatives of the multitrillion-dollar insurance industry are hurling criticism at a proposal that could make it harder to invest in deals sold in fast-growing private markets that offer higher ...
Private Flood Insurers Seize Opportunity as NFIP Falters
While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to ...
LexisNexis: Despite Challenges, Auto Insurers See Positive Growth in New Policies
Quarterly year-over-year auto insurance shopping growth in the U.S. was +5.2 percent in Q2 2023, according to the most recent LexisNexis Risk Solutions Insurance Demand Meter report. Reacting to ...