News
Private Flood Insurers Seize Opportunity as NFIP Falters
While the National Flood Insurance Program (NFIP) rolls out a new rating program generating premium increases for many policyholders, the private flood insurance market has seized the opportunity to ...
LexisNexis: Despite Challenges, Auto Insurers See Positive Growth in New Policies
Quarterly year-over-year auto insurance shopping growth in the U.S. was +5.2 percent in Q2 2023, according to the most recent LexisNexis Risk Solutions Insurance Demand Meter report. Reacting to ...
Data Suggests Increasing Weather Catastrophes in Hawaii
Hurricane-fueled flash floods and mudslides. Lava that creeps into neighborhoods. Fierce drought that materializes in a flash and lingers. Earthquakes. And now, deadly fires that burn block after ...
Rate Hikes Not Bringing Profit to U.S. Auto Insurers: Fitch
Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine ...
Allstate Agrees to Settle Shareholders Class Action for $90M
To settle a years-long securities class action lawsuit against it, Allstate Corp. has agreed to set up a $90 million fund for shareholders who accused the insurer of false and misleading statements ...
More Signs of Life in Florida: New Insurers, More Citizens Takeouts
Florida's property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the ...
Midsize Cars Struggle With Rear Seat Safety: IIHS
New analysis released by the Insurance Institute for Highway Safety (IIHS) highlights a known safety issue with rear seats—submarining beneath the lapbelt—putting a passenger at risk for internal ...
CLARA Analytics Adds to GenAI Extracting Data From Demand Packages
Insurance carriers looking to quickly decipher demands in newly filed lawsuits can now do so through the use of generative artificial intelligence (AI), according to CLARA Analytics. The AI ...