News
North Carolina Auto Insurance Rates Rising 5% on Average in Settlement
North Carolina automobile insurance rates are poised to increase statewide by a 5 percent average this fall as part of an agreement reached between state regulators and the insurance industry. The ...
U.S. Homeowners Insurance Rates Rose 40.4% in Six Years, Report Shows
U.S. homeowners insurance rates rose 40.4 percent over the past six years, with the biggest increases hitting in the last two years, a new report shows.
Rate Growth Slows, Moving Violations Increase: The Road Ahead for Auto
The auto insurance market is shifting gears. Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability. ...
Carrier Management to Host ‘Demo Day’ for Homeowners Insurers June 18
Carrier Management is hosting the second event in a series of free "Demo Days," designed to allow home insurers to experience rapid fire demos of cutting-edge risk tools. The latest online event ...
End to Florida Agents’ ‘Diligent Effort’ Rule on Surplus Lines Takes Effect July 1
Florida's governor has signed House Bill 1549 into law, eliminating the requirement that insurance agents make a "diligent effort" to find coverage before placing properties with a surplus lines ...
AI Risks, Climate And Legislation Lead Verisk’s Emerging Issues Bracket
Collegiate teams that competed in the men's and women's basketball tournaments turned heads in March. Now, we're hearing about topics that made it to the final rounds of Verisk's recent emerging ...
Class Action: Drivers Sour on Lemonade for Exposing License Numbers
A new class action lawsuit alleges that digital insurer Lemonade has violated the privacy of as many as 190,000 drivers by exposing license numbers to cybercriminals through its online auto insurance ...
European Homeowners Battle Insurers Over $2.9 Trillion Climate Risk
When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, a spiderweb of ...
NYC Council Passes Bill to Lower Insurance Limits for For-Hire Vehicles
With urging from a coalition of for-hire vehicle drivers and companies including Uber, the New York City Council voted to lower a for-hire vehicles' insurance requirement in hopes of lowering ...