News
Personal Auto Insurance Competition Heating Up, Root Execs Say
Personal lines InsurTech Root reported its first-ever quarter of operating profit and first-ever gross combined ratio below 100 for first-quarter 2024 while more than doubling gross written premiums ...
Prudential to Wind Down Direct-to-Consumer Assurance Business
Less than five years after acquiring online insurance startup Assurance IQ for $2.35 billion, Prudential is shutting it down. "Prudential Financial routinely evaluates strategic opportunities for its ...
Warren Buffett’s PacifiCorp Now Faces $30B Claim Demand in Oregon Wildfires
Berkshire Hathaway Inc.'s PacifiCorp now faces a demand for $30 billion from victims of Oregon's 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the ...
LexisNexis: Loss Costs Rise for All Home Insurance Perils
A new report indicates loss cost across all perils combined grew for the fourth year in a row in 2022, according to the latest LexisNexis "U.S. Home Trends Report." The 8th annual report on home ...
Survey: 79% of Organizations Sustained a Cyber Attack Within the Past Year
A new global survey of 1,309 IT and security professionals found that 79 percent of organizations suffered a cyber attack within the last 12 months, up from 68 percent just a year ago, according to ...
No Multi-factor Authentication in Place When Hackers Used Stolen Login Credentials in UnitedHealth Breach
Hackers breached UnitedHealth's tech unit on Feb. 12 by using stolen login credentials that gave them remote access to its network, the largest U.S. health insurer will testify before a House panel ...
As Wildfire Risk Grows, States Grapple to Retain Property Insurers
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won't be renewed because their insurance company ...
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster
Current and former leaders with Florida property insurers have had some strong reactions to state regulators' recent efforts to oust company executives who previously helmed now-insolvent carriers. ...