Michael Shashoua

State senator Roland Gutierrez points to National Weather Service cuts, and denial of mitigation project funding. Former FEMA administrator says cuts will worsen disaster impact on smaller communities.

The technology delivers value through sorting data, prioritizing claims, responding to policyholder lawsuits, and more, according to industry experts.

Mismanaging data and high costs are keeping carriers from benefitting from better claims handling, according to industry experts.

After California's own insurer of last resort was held liable for smoke claims, and a probe of State Farm was launched, a new task force is ordered to set standards for smoke damage claims.

Shikha Khetrapal, formerly COO of Vantage Insurance Partners, an insurance industry investor, spoke with Digital Insurance about hurdles that large insurance companies, investors and private equity firms encounter when integrating their acquisitions in the industry.

AITC co-founder Scott Harrison tells NAIC working group to avoid uncertain, imprecise definitions that could confuse compliance efforts.

Commissioner Ricardo Lara announced greater transparency to come for FAIR Plan data, plus a broadening of coverage to commercial properties, homeowner associations and affordable housing.

Florida's insurance markets could be in a better position to withstand disasters' impact spreading to its housing market, although FEMA cuts will impact the state's resources, an insurance expert and author said.

McDermott Will & Emery, a global law firm with an insurance specialization, watches concerns around the industry's implementation of AI and the broader challenges of insuring against climate risks. Digital Insurance spoke with a partner in the practice.

USAA and Intact Financial topped Evident's list of 30 insurers, about half from the property and casualty business. AXA and Allianz topped the overall list.

After the L.A. fires, a regulator's probe of State Farm claims practices and a looming wave of lawsuits expose gaps in the legal responsibilities of both insurers and policyholders.

Even before January's fires in Los Angeles, change-of-address data shows residential moves based on fire risks and insurance availability.

An executive from AU10TIX, an identity verification service that recently partnered with Microsoft to serve insurers' authentication needs, added that deepfakes are a top threat.

In an interview following remarks at Insurtech Insights, Sarah Jacobs, a product executive at Nationwide, said lowering costs is the first step to transform insurance's value proposition.

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.

Highlights from speakers and sessions at the Insurtech Insights conference and surrounding events in New York from June 3-5.

Plan sponsors can turn to narrow fiduciary liability coverage rather than broader cyber risk insurance, according to a bond and insurance firm executive.

Catastrophe risk information from government bodies and academic institutions would make it possible to insure more homeowners based on more granular assessment, according to insurance industry professionals.

Venture capital firms and insurers, led by Adams Street Partners, raised $162 million for the life insurance technology company.

The state's regulator said the insurer must show it will cover more homeowners, and be more transparent. Consumer advocates want more concessions, saying the insurance crisis can't be solved on the backs of homeowners.