News
Fannie and Freddie Hit Pause on Replacement-Value Rules for Home Insurance
Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don't carry full replacement-value ...
Mercury Taking Over Tokio Marine California Biz, Bullish on CDI Strategy
Mercury Insurance agreed to accept the transfer of California personal lines policies originally written by Tokio Marine Group insurers, the two carriers said in a media statement yesterday, ...
Risk Alert: How to Quit Doomscrolling
Like many of us, Jessica Peoples has heard the warnings about excessive screen time at night. Still, she estimates spending 30 to 60 minutes on her phone before going to sleep, mostly scrolling ...
Triple-I: Slowdown in U.S. P/C Replacement Costs Likely Short-Lived
Property/casualty replacement costs in the U.S. are increasing at a slower pace than overall inflation and will likely continue to do so for the next 24 months, according to the Insurance Information ...
El Nino to End by June, La Nina to Appear Later in the Year
The El Nino weather pattern should fade out by June but could be replaced by the La Nina phenomenon by the second half of the year, a U.S. government forecaster said on Thursday. There is a 49 ...
NHTSA Seeks to Know How Tesla Developed, Verified Autopilot Recall
Federal highway safety investigators want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company's Autopilot partially automated ...
Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes
An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property/casualty insurance industry's move toward actual cash value for more homeowners and condo coverage. A Fannie ...
Personal Auto Insurers Have Edge on Innovation: AM Best
After two years of challenges for personal auto insurers, rating agency AM Best delivered a positive assessment: U.S. personal auto insurers are the furthest ahead when it comes to innovation. ...