Insurance

Looking at lessons from past disastrous fires, here are steps that can help reduce fire risk at the home and community level.

The top five states have an average insurance premium increase for a DUI conviction of $377.80.

Because of the financial risk associated with insuring such an expensive satellite, ViaSat-3 is probably covered by several policies across different companies.

The new business will take in money from insurance companies and invest in mortgages and in private structured credit.

Consumer advocate notes that insurance regulators' standard for data collection lags regulators of other types of financial services

We surveyed 83 professionals at insurers, TPAs, agencies/brokerages and reinsurers to find out their tech agenda for this year, including investment plans, tech priorities and thoughts on transformational tools. Here's what we found out.

Much of MGAs' success can be attributed to how versatile they can be.

Insurers need to find new ways to grow their business while mitigating the risk of employee burnout.

The Fed said on Tuesday that Birmingham, Alabama-based Regions failed to properly monitor home equity loans and lines of credit, in part because of changes in servicing platforms.

In other news: Foresight, a workers' comp insurer, welcomes new commercial insurance underwriter.

The growth in market share comes as the national insurance program has instituted a risk-based pricing regime that's led to some fluctuation in rates.

The deal is expected to be completed later this year, subject to regulatory approval. Marsh did not disclose the terms of the deal.

AI-powered catastrophe and risk models use varied sources, including aerial imagery.

The insurance industry will lose half its workforce between now and 2036 as almost 400,000 employees retire.

Agency networks and associations provide benefits historically harder to come by as a standalone business or agency.

Five best practices can assist in selecting and integrating generative AI data.

In other news: A Nationwide survey shows customers are reducing their homeowner's insurance coverage.

FedEx is requiring contractors that deliver packages on behalf of the company's Ground unit to install vehicle cameras and sensors, enhance training and pay penalties if they incur too many accidents, according to FedEx memos to contractors.

The proposal will be discussed before the NAIC's Valuation of Securities Task Force, a group consisting of state representatives.

Driven by weather catastrophes and higher building costs, new research showed.