Industry News
CSU Team Slightly Lowers Forecast for Still Above-Average Hurricane Season
The hurricane research team at Colorado State University has slightly lowered its outlook for the Atlantic hurricane season but is still calling for above-average action. The CSU Tropical Meteorology ...
Wildfires Disproportionately Impact Lower-Income Homeowners: Study
The 2022 wildfire season promises to be another record-breaker. Roughly 2 million acres burned last month, and major fires are currently scorching Idaho, Utah and California, threatening tens of ...
Small Businesses Still Use Agents, But Online Insurance Buyers More Satisfied
Two-thirds of small businesses use insurance agents to buy insurance for their enterprises, but those buying insurance online report higher satisfaction with the buying process, according to a new ...
Family of California Shooting Victims Sue Gun Distributor
Family members of some of the people killed or wounded during a 2019 shooting at a California garlic festival are suing the companies that distributed the rifle used in the attack, saying they did ...
Global InsurTech Investment Down 50% in Q2: Gallagher Re
Global investment in insurance technology firms totaled $2.41 billion in the second quarter, down 50 percent from a year earlier, as investors grew nervous about frothy valuations, broker Gallagher ...
America First Insurance Group Launches for Conservative Customers
Earlier this week after over a year in development, insurance agency America First Insurance Group was launched, claiming it is the country's first conservative insurance group. "We felt the ...
Gallagher Sues Alliant Again for Alleged ‘Corporate Raid’ of Employees
Broker Arthur J. Gallagher filed another poaching lawsuit against Alliant Insurance Services, alleging Alliant is "presently engaged in a corporate raid of Gallagher's Chicago office." According to ...
Floods, Storms Drive Global Insured Catastrophe Losses of $38B in H1 2022: Swiss Re
A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number of thunderstorms in the U.S. and Europe resulted in $35 billion in insured losses from ...