(Bloomberg) --California's insurance regulator has launched a formal investigation into State Farm's handling of claims related to January's Los Angeles wildfires, after groups of survivors complained that the process could lead to confusion and delayed payouts.
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Valkyrie Holmes, co-founder and CEO of Faura, discusses how AI and analytics are helping carriers identify and manage weather risks.
June 11
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The insurance industry is seeing a disproportionate increase in liability claims compared to a rise in general inflation.
June 12
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There were about 48 funding events in the insurtech sector in May, according to a review by Digital Insurance.
June 12
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In an interview following remarks at Insurtech Insights, Lucy Pilko, CEO of AXA XL Americas, elaborated on what the insurance industry needs to benefit from AI in its operations.
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California's insurance commission plans to impose a $1 billion assessment on private insurers to shore up the FAIR Plan.
A bill would allow homeowners to receive the interest accrued on insurance payments for lost or damaged property, rather than lenders.
Travelers Cos. said it expects about $1.7 billion of pretax losses from the wildfires that devastated Los Angeles last month.
Before the wildfires, California decided to pass on reinsurance costs to policyholders. After the fires, California is considering catastrophe bonds to help shore up the state's insurer of last resort. A consumer advocate says these measures concentrate too much risk locally and do not improve home insurance availability.
Digital Insurance has announced the honorees for the 2024 Women in Insurance Leadership, WIL NEXT and Lifetime Achievement recognition programs.
Lauren McKinzie is the operations manager, channel partnerships for Obie Insurance.
Skills professionals need to succeed in today's technology-focused environment.
Just like the industries that they cover, the lack of Black representation among news outlets acts as a barrier against understanding and eliminating systemic racism.
The flow of assets and capital in manager selection, municipal bonds and business and mortgage capital reveals forms of systemic racism that often get overlooked.
The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry’s top ranks are a pipeline problem.