News
California’s Top 5 Most Destructive Wildfires
The Palisades Fire was the most destructive blaze in Los Angeles to date and among the five worst in California's history. Federal authorities said last Wednesday that they have charged Jonathan ...
Agents Struggle to Find Capacity, Meet Customer Timing Expectations: Survey
A new P/C insurance industry survey report reveals some of the key challenges that independent agents are facing, including providing quotes within customers' expected time frames—or finding ...
Cyber Insureds Gain Ground on Attackers, But Holidays Bring Heightened Risk: Report
Large insured companies that have strengthened their cybersecurity preparedness and response capabilities are becoming increasingly resilient against cyberattacks, helping mitigate some large cyber ...
Fears of Massive Battery Fires Spark Local Opposition to Energy Storage Projects
More and more, big arrays of lithium-ion batteries are being hooked up to electrical grids around the U.S. to store power that can be discharged in times of high demand. But as more energy storage is ...
FurtherAI Raises $25M to Alleviate Insurance Industry’s ‘Busywork’ Burden
San Francisco-based insurance AI start up FurtherAI announced a $25 million Series A funding round led by Andreessen Horowitz to improve insurance workflows through AI. Claiming that those who run ...
New York City Sues Social Media Firms For Allegedly Addicting Children
New York City filed a new lawsuit accusing Facebook, Google, Snapchat, TikTok and other online platforms of fueling a mental health crisis among children by addicting them to social media. ...
Workers Compensation Continues to Lead P/C Industry With Strong Profits
Although economic uncertainty could affect insurers in the near to midterm, the workers compensation line continues to be a key driver of the profitability of the entire property/casualty insurance ...
Tokio Marine Weighs More Than $10 Billion of International M&A
Tokio Marine Holdings Inc., Japan's top property and casualty insurer, could spend more than $10 billion on acquisitions to boost its international business, according to Brad Irick, who co-heads the ...