Industry News
Allstate Insurers Sue Hyundai, Kia to Pay for Claims From Defective Cars
A group of subsidiaries of Allstate have filed a subrogation suit against Hyundai and Kia to get back costs paid to insureds for damages when their cars suddenly erupted in flames. According to the ...
Hurricanes Helene, Milton Pressure NFIP; Expected Loss Ratio 200%
The National Flood Insurance Program (NFIP) is expected to face total losses between $8.2-10.5 billion for 2024, leading to a loss ratio above 200 percent before accounting for loss adjustment ...
‘Make America Healthy Again’: RFK Jr. Wins Over Fans by Stoking Food Toxin Fear
"Make America Great Again" has long been a signature phrase at Donald Trump's rally speeches. Its recent offshoot, "Make America Healthy Again" or MAHA, is now spreading on social media as fitness ...
Safeco to Take Personal Lines Renewal Business of Main Street America
Liberty Mutual's Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time in two months that Safeco has stepped in to assume a personal lines ...
Envelop Risk Launches Underwriting Division, Naming Ex-Dale Underwriter Peters CEO
Envelop Risk, the reinsurance managing general agent and analytics specialist, announced the launch of Envelop Underwriting, which will encompass all existing cyber underwriting activities: Envelop ...
FEMA Fires Manager Who Told Staff to Skip Homes With Trump Signs
A Federal Emergency Management Agency employee who ordered workers to bypass homes with yard signs supporting President-elect Donald Trump has been fired, the agency's head said Saturday. "This is a ...
WTW Unveils Machine-Led Solution to Enhance Insurance Reserving
Insurance broker WTW announced the launch of ResQ Machine-led Reserving, which WTW describes as a game-changing technology for insurers and reinsurers to enhance accuracy and efficiency in ...
Hippo Sells Majority Stake in First Connect Insurance to Centana Growth Partners
InsurTech Hippo said it has sold a majority stake in First Connect Insurance Services, a digital platform for independent agents. The buyer is private equity fund Centana Growth Partners, who with ...