News
Why You May See Less of Progressive’s Flo In Your State
As insurers like Progressive try to catch up with auto insurance loss severity trends with rate hikes, delays in getting filing approvals in some states may prompt other actions until rate adequacy ...
Researchers Say New FEMA Flood Maps Underestimate Flood Risk
Researchers have used artificial intelligence to predict where flood damage is likely to happen in the continental United States. The findings suggest that recent flood maps from the Federal ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Who Pays? UN Climate Report Reignites Global Fight for Compensation
With this week's U.N. climate science report laying bare the staggering economic costs and losses already faced from climate change, an inevitable question arises: Who should pay? Within U.N. climate ...
Russian Cyber Attacks May Test Insurer War Exclusion Policy Language
The Russian invasion of Ukraine has increased the risk of cyber attacks and potential claim costs for property/casualty insurers globally that offer cyber coverage, the majority of which is ...
Semsee Announces Series B Funding Round Led by 01 Advisors
Commercial insurance platform Semsee announced it has raised a Series B funding round led by Dick Costolo and Adam Bain's 01 Advisors, with participation from existing investor the D. E. Shaw group, ...
‘Essential’ MGAs, Other DUAEs Face Inflation, Staffing Pressures: AM Best
Taking a deep dive into the world of managing general agents and other delegated underwriting authority enterprises, AM Best reports that premiums generated by DUAEs are climbing, and interest in MGA ...
APCIA Joins Group Pushing for Reforms on Litigation Funding
A new advocate group in New York that counts the American Property Casualty Insurance Association (APCIA) as a member is looking to crack down on the practice of litigation funding. The Consumers for ...
Colorado Wildfire Victims Hit ‘Green’ Building Code Hurdle
Some homeowners recovering from Colorado's most destructive wildfire in history, which decimated entire neighborhoods near Denver late last year, say they could end up paying tens of thousands of ...