News
Repair Times Decline by 5 Days, Auto Claims Costs Continue to Rise: JD Power
Rising auto insurance premiums and long cycle times have been the bane of insurers for some time. A new report, "U.S. Auto Claims Satisfaction Study" from J.D. Power, finds that the average repair ...
2025 Predictions: Tech and UBI Growth, 5 Carriers to Exit Auto Market
It's expected that in 2025, rising claims costs will continue to push insurance rates higher, frustrating customers and forcing insurers to customize products, according to a report by global market ...
Beef Patties Not Source of E. coli, McDonald’s Quarter Pounder Back on Menu
McDonald's announced Sunday that Quarter Pounders will again be on its menu at hundreds of its restaurants after testing ruled out beef patties as the source of the outbreak of E. coli poisoning tied ...
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver
A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16 percent by removing most-at-risk entities. Using independent analysis of cybersecurity performance data ...
Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms
A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a "direct physical loss" as ...
U.S. Nuclear Regulator Begins Review on Three Mile Island Restart
U.S. nuclear regulators kicked off a long-winding process to consider Constellation Energy's unprecedented plans to restart its retired Three Mile Island nuclear power plant in an initial public ...
Tech Bytes: New Partnerships at Mylo, Cytora
InsurTech Mylo announced its membership in the International Franchise Association (IFA), a franchising membership organization with more than 60 years of experience advancing franchisors, ...
INSHUR Raises More Than $19M in Latest Funding Round
INSHUR, a global embedded insurance provider for the on-demand economy, has raised $19 million in its latest funding round. The round was led by Viola Growth, with the participation of MS&AD ...