Industry News
Flood Insurance Gap Will Squeeze Local Governments, Homeowners: Moody’s
The flood insurance gap in the United States is big and it's not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to ...
California UPS Mechanic Admits to Workers Comp Fraud
A former UPS employee was sentenced to 90 days in jail, two years' probation, and ordered to pay $50,000 restitution to Liberty Mutual Insurance after submitting a fraudulent workers compensation ...
Data Centers Are Being Built in Areas Exposed to Extreme Weather
A significant number of data centers are being built in areas that are exposed to extreme weather risks brought on by climate change, a report by XDI has found. A study of roughly 2,600 planned data ...
Trump Says Illegal Immigration Increased Car Insurance Prices
President Donald Trump this week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor's time in the White House for ...
Earnix Launches AIOS AI Orchestration System
Earnix, an AI company purpose-built for insurance decisioning, announced the launch of AIOS, the AI Orchestration System. AIOS extends Earnix's intelligent decisioning engine across the insurance ...
Space Startups Seek Insurance for Orbital AI Data Centers
Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk's SpaceX and Jeff Bezos' Blue ...
RSUI CEO McCrorie to Retire in March 2027
Specialty insurer RSUI announced that Chairman and Chief Executive Officer Phillip McCrorie will step down as CEO at year-end 2026, concluding a career spanning nearly 40 years in the insurance ...
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms
While State Farm publicly supported auto insurance reform measures in New York this year, now that a package of changes has been written into the state's statutes, the insurance giant is taking a ...