Industry News
Car Insurance Costs Up 42% Since ’22: Biggest ’24 Hikes in Minn., Maryland
New data highlights the increasing cost of car insurance, with rates rising 15 percent last year, according to a recent Insurify report. Average car insurance rates range from $2,300 to $3,000 in the ...
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 surveyed 200 senior leaders from global insurance firms and found ...
State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?
Presented by Majesco
You have two watches. Your first watch is analog. It has dials, gears, crystals and movements. It is a machine...
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 ...