Risk Digitization Top Tech Priority for U.S. Insurers
Risk digitization was cited as the primary technology priority for revenue growth in a recent study from InsurTech Cytora.
Cytora ...
Industry News
HOA Secures $2.5M ‘Wildfire Resilience Insurance’: WTW
Willis, a WTW business, and The Nature Conservancy (TNC) jointly announced the launch of an insurance policy for a private homeowners association in California—available and affordable because the ...
Future of Auto Insurance: OEM-Insurer Ties Could Boost Profits, Loyalty
The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte. The report, "Reinventing the insurance customer experience for loyalty," highlights how ...
California Bill Would Require Insurers to Notify Property Owners of Aerial Inspections
A California bill requiring insurers to provide a notice to homeowners before conducting an inspection with aerial imaging is set for a committee hearing on Wednesday. Assembly Bill 75 requires ...
E&S Insurer Ategrity Files for IPO
New York-based Ategrity Specialty Insurance Co., a national specialty property/casualty insurer focused on the excess and surplus (E&S) lines market, has filed with the Securities and Exchange ...
State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software
A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate ...
Fla. House Subcommittees Vote to Repeal PIP Law, Pass Two Other Insurance Bills
The Florida House subcommittee on insurance advanced two hotly debated bills Thursday, one supported by insurance agents but another that was opposed by agents and carriers alike. And another ...
NAIC, Legislators Push to Abolish the Federal Insurance Office
Last week, the National Association of Insurance Commissioners announced its agenda for 2025, including the call to eliminate the U.S. Treasury's Federal Insurance Office. This comes on the heels of ...
Unusually Active Hurricane Season in Store for the Atlantic: AccuWeather
Another above-average hurricane season will threaten the Atlantic this year, with as many as six storms affecting the US, AccuWeather Inc. said. Between 13 and 18 storms will at least reach tropical ...