News
Nationwide Taking Actions to Limit Risk in Personal, Commercial Books
Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 "business actions update" Nationwide announced moves "to mitigate risk and ...
Driver Technologies Closes $6M Strategic Funding Round
Driver Technologies Inc., an AI-based mobility tech company, announced the closing of a $6 million strategic funding round led by New York-based investment firm, IA Capital, and CT Innovations, the ...
The Latest Launches from Sproutt, Coalition
Sproutt, a life insurance company that serves agencies, agents, and their customers, announced the development of an AI engine that is currently available only to limited groups to boost its ...
Commercial Insurance Rates Climb Above 5% in Q1 2023
Aggregate price increases of 5.6 percent were reported by commercial lines insurers in the first quarter of 2023, according to WTW's latest Commercial Lines Insurance Pricing Survey (CLIPS). The ...
J.D. Power: Biggest Auto Customer Satisfaction Drop in 20 Years
One-third (31 percent) of auto insurance customers in the U.S. reported a rate increase in the past year, leading to a growing number participating in usage-based insurance (UBI). This has led to the ...
Major Insurers Under Scrutiny by Dems on U.S. Senate Committee
Democrats on the U.S. Senate Budget Committee launched an investigation on Friday into major insurers' "support" of new fossil fuel projects, on the heels of an industry retreat from areas prone to ...
Auto Safety Agency Head Quits After Audit Finds Delays in Defect Probes
The head of the U.S. government's office that investigates automobile safety problems has resigned from his post just days after the release of a harsh audit criticizing how the office was managed. ...
U.S. Food Manufacturers Show 13% Reduction in Workers Comp Claims
A new report highlights the overall decrease in the total number of injury claims from U.S. food manufacturers post-pandemic. Workers comp claims declined by 13 percent from pre-COVID to ...