Industry News
Safeco to Stop Writing New Condo and Renter Policies in California
Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental customers under its ...
CCC Intelligent Solutions Acquires EvolutionIQ for $730M
CCC Intelligent Solutions Inc. signed a definitive agreement to acquire claims management platform EvolutionIQ Inc. Subject to the terms and conditions included in the agreement, CCC is expected to ...
Auto Insurer Files $450M Fraud RICO Case in NY
Commercial automobile liability insurer American Transit Insurance Company (ATIC), with specialization in the taxi and for-hire vehicle sector, filed a lawsuit this week seeking more than $150 ...
Senate Says Climate Is Causing Insurance ‘Crisis’; Industry Strikes Back
The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is increasing non-renewal rates in multiple states, but the insurance industry ...
DARAG Completes Sale of North American and Bermuda Businesses to RiverStone
DARAG Group, the Malta-based legacy acquirer that focuses on the European market, announced it has completed the sale of its North American and Bermuda business entities to the RiverStone Group, a ...
Millions of Homeowners May Be Underinsured Due to Secondary Structures: ZestyAI
Millions of U.S. homes are underinsured, not because of any added value in the homes but because additional structures on the homeowner's property have gone unreported and are without protection. ...
Trump Transition Recommends Scrapping Car-Crash Reporting Requirement
The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk's Tesla, according to a document seen by Reuters, a move that could cripple ...
NC Supreme Court Bucks Trend, Finds COVID Caused Physical Loss to Restaurants
Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North ...