Insurance

The cost is down 16.5% from last year, according to The Insurance Information Institute.

The state forecasts eroding coastlines will endanger $18 billion of existing homes and commercial buildings in the coming decades.

Contingency plans should address protecting documents, establishing communications and ensuring the security of physical office locations.

Here are five questions for agents considering this transition.

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.

Brandon Ellison, Quility founder and CEO, shared about the company's origin.

While many firms have embraced AI in claims and risk scoring, forward-thinking organizations are now turning their attention to policy intelligence.

Nationwide's Sarah Jacobs shares how technology is changing the risk profiles for homeowners.

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.

Investment funds based on parametric insurance have the potential to beat cat bond returns, according to Rhodri Morris, a portfolio manager at Twelve Securis.

The chance at a piece of strong returns has encouraged investment banks, hedge funds and debt investors to vie for contracts to fund the litigation, according to people involved in transactions.

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

Aon launches a broker copilot; Munich Re partners on AI and more insurance news and career moves. 

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.

The state's insurer of last resort is facing an investigation by the California Department of Insurance as well as lawsuits from policyholders.

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.

Kimberly Burdi-Dumas, VP of insuretech at DocuSketch, shares how tech is impacting insurance.

The 2024 Most-Used Apps Behind the Wheel from CMT shows Google and the Camera app are the most-used while driving.

AI is reshaping key aspects of property restoration, from initial assessment to project management, documentation and even customer communication.

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.