Insurance

Many homes that burned in the Eaton Fire lay outside the boundaries of state- or local-designated "very high" fire hazard severity zones, Bloomberg Green found after analyzing inspection reports by the California Department of Forestry and Fire Protection, or Cal Fire, for more than 20,000 residential properties in areas affected by the recent wildfires.

The three largest property and casualty insurtech deals had an average round amount of more than $50 million, according to CB Insights.

Zurich expands U.S. middle market; QBE, InnSure and Salem, Massachusetts partner on flood risk pilot, plus more insurtech news.

Wildfire presents a significant challenge to California's property insurance market, and the impact is becoming more frequent and costly over time. Recently, we examined the current state of the California (CA) homeowners insurance market by exploring key components of the ecosystem, including the role of regulators, the CA FAIR Plan, and the involvement of the surplus lines markets, as well as current developments and potential implications of the fires in Los Angeles.

Mitchell's collision insights report reveals 2024 trends in battery electric vehicle claims.

Prudential's Bob Bastian looks back on the company's 150-year history and focuses on the opportunities ahead for the insurance industry.

Improvements to workflows and operations boost customer service and help tailor products, making coverage more attractive.

Smartwatches and other wearable technologies have the potential to change the pricing of life insurance policies by offering better data about individuals' mortality risk, according to a new report by reinsurance company Munich Re and analytics firm Klarity.

Between the estimated damages in Los Angeles and rising home insurance prices, policyholders are left wondering how the market will fare in 2025.

The four largest deals had an average round amount of $46 million.

Insurers are seeing improvements in workflows, authentication and adjudication.

Increasing weather-related risks and costs combined with companies pulling out of some states, is affecting the remaining carriers and state insurers.

Farmers Insurance names head of agency owner operations; Prudential Financial appoints chief people officer, plus more career moves.

Vertafore report finds that 69% of independent agents said digital personal lines rating and submission is a must-have.

As homeowners insurance becomes expensive and hard to find, mortgage loan officers should work closely with insurance agents, said Travis Hodges of Viu by Hub.

NEXT will use ZestyAI's property and wildfire models in its risk assessment processes.

Microsoft's CEO suggests that artificial intelligence agents could disrupt traditional SaaS models.

The latest Insurance Personal Lines Trends and Perspectives Report from TransUnion.

Though consumers are open to the use of AI in severe weather risk monitoring, trust and transparency is key, according to a 2025 Insurity report.

With 400,000 insurance professionals expected to retire in the next few years, attracting the next generation is vital. Laurissa Berk, director of global and experiential education at the UConn School of Business, shares how their institution is preparing students for insurance and STEM careers.