Industry News
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. ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
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 ...
Captives to Remain Viable as Market Softens: RIMS Panel
As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn't expected to fade away. A panel of experts discussed the state and evolution of the ...
Inflation Impacting Workers Comp Medical Costs: WCRI
A new study by the Workers Compensation Research Institute (WCRI) illustrates how rising inflation has impacted the system in recent years. The 2025 edition of the WCRI Medical Price Index for ...
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best
Insurance industry financial strength rating agency AM Best said that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers ...
APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims
The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry's response to claims following hurricanes Milton and Helene. "The ...