News
AM Best Data Insights: FAIR Plan, E&S Growth Soars in California
A newly published AM Best report reveals the extent to which California homeowners policyholders have turned to the state's insurer of last resort and to the nonadmitted market for insurance in ...
Startup Aims to Be Big ‘Permanent’ Player in Florida Property Market
Stephen Weinstein, a Harvard-trained lawyer, has spent more than two decades with RenaissanceRe as chief legal officer and executive vice president. He is now turning that experience to Mangrove ...
Securities Class Actions Increase Again in 2024; AI-Related Filings Double
The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings more than doubling from the previous year, according ...
Third-Party Attack Vectors Responsible for 59% of Insurance Breaches
A new report from SecurityScorecard highlights how cybersecurity gaps threaten critical services and policyholder trust. Among the top 150 insurance companies involved third-party attack vectors, 59 ...
Auto Insurance Rate Hikes Expected to Slow in 2025
After an average rate increase of 16.5 percent in 2024 and 12 percent in 2023, insurers are raising rates 7.5 percent on average in 2025, according to LendingTree. A new report by by ...
Insurance Issues Pose Vastly Different Rebuilding Options for LA Wildfire Neighbors
Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in nearly identical houses. "I chose an old home in an old neighborhood ...
Surplus Lines Premium Growth Slowed to 12% in 2024
The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to annual reports from 15 state stamping offices released by the Wholesale & ...
Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries
Late last month, ridesharing giant Uber Technologies Inc. filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents and ...