News
Anti-Theft Software Slows Thefts of Hyundai, Kia Vehicles
A software upgrade offered to Hyundai and Kia owners who were sold vehicles without electronic immobilizers cut theft rates by more than half, new research from the Highway Loss Data Institute shows. ...
California Commissioner Orders Insurance Cancellation Moratorium for 185K Residents
California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than 185,000 policyholders affected by the Park, ...
More People Moving In Than Out of Counties With High Catastrophe Risk
Despite the dangers and expense associated with living in high-risk areas, large numbers of people are still moving to parts of America most impacted by wildfires, flooding and extreme heat. ...
QBE More Than Doubles First-Half Profit, but Misses Estimates
Australia's QBE Insurance Group on Friday reported a more than twofold jump in its first-half profit, boosted by higher income from premiums, but missed analysts' view, sending its shares to over a ...
European Insurers Enjoy Big Profits After Premium Hikes
Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in natural catastrophes in recent years continue to face higher premiums ...
Insurer’s Lack of Repairs Caused Woman’s Death After Ian: Florida Lawsuit
Just as another hurricane hit Florida, the child of a central Florida woman is litigating a claim from a previous storm—Hurricane Ian in 2022. This time, though, the plaintiff claims not only ...
Tech Bytes: New Partnerships at Bold Penguin, Cover Genius, Insurwave
Digital solution provider Bold Penguin announced the addition of certain capacity offered through RT Specialty, a wholesale distributor of commercial excess and surplus (E&S) insurance products ...
Vitesse Secures $93M in Series C Funding Led by KKR
Vitesse, a treasury and payment solutions provider for the insurance industry, announced the completion of a $93M Series C funding round led by global investment firm, KKR, with participation from ...