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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.

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.

"The main climate factors expected to influence the 2023 Atlantic hurricane activity are the ongoing El Nino and the warm phase of the Atlantic Multi-Decadal Oscillation, including record-warm Atlantic sea surface temperatures," said NOAA's Matthew Rosencrans.

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

The industry may want to build its own large language model.

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

Colleges and universities are partnering with insurance carriers to offer insurtech, insurance and risk management programs.

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.

The release of two malicious language models — WormGPT and FraudGPT — demonstrate attackers' evolving capability to harness language models for criminal activities.

Referred to as "vehicle to grid," two-way charging works by sending power to the grid from an electric vehicle's battery while the car is parked and plugged in.

Last month, Farmers Insurance Co. said it would limit sales of new home insurance coverage in California. In May, State Farm General Insurance Co., the state's biggest home insurer, said it would stop writing new policies altogether. Allstate Corp. halted the sale of new policies in the state last year.

Putting the pressure on employees to return to the office could cost financial companies their leadership.

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.