Industry News
Kim and Allen Lead Voting in California Insurance Commissioner Primary
Democrats Jane Kim and Ben Allen led voting in Tuesday's race for California insurance commissioner, making them the current favorites to advance to the Nov. 3 primary. However, insurance agent Stacy ...
Multiple Factors Affect Auto, Workers Comp Claim Complexity: Report
Though workers comp and auto remain profitable lines within the insurance industry, there a number of challenges to monitor, according to Enlyte's 2026 Envision Trends Report, which explores the ...
Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
Illinois lawmakers passed a pair of bills that gives the insurance department the authority to review homeowners and auto rate filings to determine whether they are excessive. The insurance industry ...
Insurance Platform Corgi Valued at $2.6B in Funding Round
AI insurance platform Corgi said on May 28 it raised $106 million in a funding round led by investment firm TCV that valued it at $2.6 billion. The funding round underscores strong investor appetite ...
Vendor Issues Remains Top Cause of Paid Wedding Insurance Claims: Travelers
For the fifth consecutive year, vendor-related issues (55%) were the leading cause of paid wedding insurance claims in 2025, according to data from The Travelers Companies, Inc. The data highlights ...
Insurance Attorneys Flip $1M Hail Claim into Nearly $2M Suit for Contractor Interference
What began as a lawsuit filed against Church Mutual Insurance Company on a $1 million-plus claim dispute turned into a potential $2 million award against a contractor after a jury found the ...
Roof Costs Soar Even as Claims Decline: Verisk
Hail volatility and aging roofs are driving higher residential replacement severity, a new study by data analytics and technology provider Verisk finds. Roof losses didn't slow despite a 20 percent ...
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget
After bypassing the April 1 deadline and engaging in weeks of debate and compromise, New York lawmakers have agreed on a $268.5 billion budget that includes auto insurance reforms championed by Gov. ...