Insurance

CoverForce, a new insurtech API, has partnered with the ISU network for independent agents to help its members reach new customers.

Bitcoin-denominated life insurer argues against perceptions of volatility, saying it aims to serve only previous crypto investors who are beginning to think about long-term coverage and investment.

The insurance industry is trying to attract and retain a younger workforce as many insurance companies are facing an aging employee demographic. Insurers are working to diversify as people of color in the industry are still underrepresented and tapping into educational opportunities to create a direct talent pipeline.

Gen Z values employers with advanced technology solutions and remote work options.

Mario Greco, who led his firm out of the Net Zero Insurance Alliance earlier this year amid a wider exodus from the group, has spoken out against the network of voluntary climate alliances that represent some of the biggest names in global finance, calling them "political and bureaucratic."

Since 2020, the number of properties it insures has tripled to almost 1.4 million. Citizens estimates it may add another 300,000 by the end of the year

He shares how new technologies like machine learning and AI are shaking up the industry and the role of insurance agents.

Total global insured losses from natural catastrophes were about $50 billion from January through June.

Insurers are partnering with universities and college programs to create a more diverse and inclusive talent pipeline.

Carriers are building a talent pipeline through university programs and mentorships with partnered universities.

In other news: NEXT launches commercial excess liability and liquor liability coverages.

High theft risks for Kia and Hyundai cars, and repair cost risks for Teslas, have driven auto insurers to drop or modify coverage of those vehicles, which is forcing more auto policyholders to switch carriers.

Weather is unpredictable everywhere, and travel insurance policies can vary tremendously.

Berkshire Hathaway Inc. contended with rising prices, a troubled insurance market and a dearth of deals in the second quarter.

Insurers are adapting AI technology to improve customer experience, enhance fraud detection and create accurate risk-ranking models.

There were more than 40 funding events in the insurtech sector in July, according to a review by Digital Insurance.

CSAA used AI-powered aerial image analysis in a decision to not renew a homeowner's insurance policy in Northern California.

Analytics and agent-to-broker communications are becoming more popular applications for cloud data management. Marketing and automation applications haven't yet reached that kind of critical mass. Google and Amazon discuss their cloud services approaches.

The proposed new insurance plan is intended to protect the Southeast Asian nation from infrastructure losses caused by natural disasters.

Yellen, who also chairs the Financial Stability Oversight Council, said that a spate of extreme weather events is causing insurers to raise rates on homeowners.