News
APCIA: House Judiciary Committee Must Pass Litigation Funding Disclosure Reforms
The American Property Casualty Insurance Association (APCIA) continues to throw support behind two bills scheduled for markup Nov. 18 by the House Judiciary Committee. Committee member Rep. Darell ...
MGA Bobcat Re Launched in U.S. by Former K2 CAT Execs
A new property-catastrophe reinsurance MGA, Bobcat Re, has been launched by a group of private investors, including former K2 CAT executives David Carson and James Sharpington as well as Glenn T. ...
Toyota Rav4 Tops List of Most Stolen Vehicles in Canada
The Toyota RAV4 now tops the annual list of the top ten most stolen cars in Canada, according to the country's national authority on insurance crime and fraud prevention Équité Association. The SUV ...
Tesla Wins Bid to Undo Race Bias Class Action by Black Factory Workers
A California state judge has ruled that more than 6,000 Black workers at Tesla's flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major ...
Cities, States Across U.S. Are Turning to AI to Improve Road Safety
As America's aging roads fall further behind on much-needed repairs, cities and states are turning to artificial intelligence to identify hazards and determine which fixes should come first. Hawaii ...
Trump’s FEMA Chief Resigns After 6 Months, Washington Post Says
The Trump administration's top official at the Federal Emergency Management Agency is departing his post after about six months on the job, according to the Washington Post. David Richardson resigned ...
Nonstandard Auto Insurers Continue Profit Momentum in 2025: AM Best
The nonstandard auto insurance market in 2025 certainly looks to be maintaining the momentum it gained last year, according to a new report from AM Best. The insurance industry rating agency said ...
Has InsurTech Funding Found a Floor?
Two separate reports published this month show that while quarterly InsurTech deal counts have plummeted from heights attained in 2021 and 2022, dollar levels invested in InsurTechs have stabilized ...