Insurance

Federal Reserve Chair Jerome Powell said insurance companies and banks are already pulling out of disaster-prone areas, which could pose problems.

California's insurance commission plans to impose a $1 billion assessment on private insurers to shore up the FAIR Plan.

Nationwide finds that 42% of couples view sharing an insurance policy as a commitment comparable to marriage.

Emerging technologies are expediting aspects of the claims process from the inspection through the payment.

The main wildfires in California have subsided, but calculating the damages — both financial and emotional — is a challenge for all involved.

There were about 50 funding events in the insurtech sector in January, according to a review by Digital Insurance.

Sara Shipley, INSTANDA chief human resource officer, shares how digital transformation impacts the tech skill barrier.

High-visibility or reflective clothing may be invisible to automated crash prevention systems, according to a study from the Insurance Institute for Highway Safety.

Key topics at the event included the talent gap, rising costs, extreme weather, connecting and caring.

Determining fault in AV incidents requires data reporting from sensor logs, software code and a vehicle's operating parameters.

Distracted driving increased 5% during the 2024 Super Bowl, according to Cambridge Mobile Telematics analysis.

The agentic AI platform addresses annual revenue and cost inefficiencies.

Aon, Floodbase and Swiss Re launch parametric hurricane-related storm surge insurance.

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.

Regulator says it will rule urgently; Consumer Watchdog says insurer must disclose more information to justify an increase.

(Bloomberg) --State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns that multibillion-dollar payouts from the Los Angeles wildfires threaten its balance sheet and the broader insurance market.

Terms of home insurance policies and rising construction costs will affect how those who lost their homes in the Los Angeles wildfires can rebuild.

Tech companies Wuuii and ZestyAI enhance underwriting with risk evaluation capabilities.

New Zealand plans to introduce legislation before the end of the year that will create a framework to help communities and businesses adapt to the impacts of climate change.

Arch appoints EVP, COO and Allianz divisions leadership changes, plus more career moves.