Industry News
22% Avoid Filing Claims Due to Frustrating Digital Processes: Survey
Poor digital claims experiences are leading some consumers to disengage, according to a survey by cloud-based insurance software provider Insurity. As digital tools become the primary channel for ...
Commercial P&C Industry Leaders Say U/W Primed for Tech Transformation
Digital transformation and on-the-job training are the primary goals for commercial property and casualty (P/C) insurance organizations in 2025, according to this year's Convr Insurance Talent and ...
Corporate Nuclear Verdicts Surged to New Record High in 2024, Report Says
Nuclear verdicts against corporate defendants reached a record high in 2024, led by cases involving products liability and intellectual property, according to a new report from research firm Marathon ...
While FEMA Faces Overhaul, Mississippi Tornado Survivors Wait for Assistance
More than two months after a tornado demolished his Mississippi home, Brian Lowery still sifts through the rubble, hoping to find a tie clip his mother gave him, made from the center stone of her ...
Carriers Embracing DIY Home Inspections More and More, Firms Say
The future of home inspections is here and it's in the hands of … the homeowner. Literally, according to leaders of two firms that have developed DIY systems now being used by prospective insureds ...
‘Big Beautiful’ Tax Breaks for Insurance Agents in Bill Passed by House, Says Big I
The Independent Insurance Agents and Brokers of America celebrated a "significant victory" for independent agents with the passage of a sweeping tax bill this week by the House of Representatives. ...
AI Spots Suspicious Claims Earlier Than Traditional Approaches: Study
Machine learning models detect suspicious claims two weeks after submission, much faster than traditional methods, according to a new CLARA Analytics study on fraud detection in property/casualty ...
State Farm Still Wants a 30% Rate Increase in California
State Farm isn't done seeking a rate increase in California, upping its request a week after getting the OK for a large rate hike to what the company had originally wanted before being rejected and ...