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Insurers had already doled out more than $12 billion to pay for wildfire damages as of early March, according to California state officials.

The life insurtech's platform was built first for independent agency teams to help find clients, collaborate with team members and manage deals across carriers.

Insurers can use GenAI to elevate different use cases, from streamlining critical business functions to optimizing financial performance.

There were about 57 funding events in the insurtech sector in March, according to a review by Digital Insurance.

The Standard completes the acquisition of Allstate's employer voluntary benefits business for $2 billion, plus more insurtech news.

DORA applies to roughly 22,000 entities in the EU and violators can face fines of up to 2% of gross revenue.

The Fitzgerald-based Colony Bankcorp agreed to pay $3.5 million to purchase an agency in Monroe, Georgia. The deal signals the potential return of more banks buying insurers than selling them.

The National Oceanic and Atmospheric Agency is poised to eliminate most websites tied to its research division under plans for the cancellation of a cloud web services contract.

Lumber retains protections for now, but construction stocks still fell, and while the initial market reaction lowered rates, there could later be a reversal.

Several factors are contributing to rising insurance premiums for homeowners.