Property and casualty insurance

MassMutual's new head of product and Beazley's head of U.S. cyber, plus more career moves.

With Florida being threatened by more powerful hurricanes, commercial-property insurance costs last year surged at nearly five times the national pace, according to credit rating firm AM Best Co. Inc.

Consumer advocates engaged with insurance and climate change issues are asking NAIC, the association of state regulators, to share the data it will be collecting on property risk by mid-June.

Complexity within the insurance industry is exacerbated by climate change.

Confronted with climate change, digital transformation and shifting consumer expectations, the insurance industry is hustling to adapt to meet new demands.

Suggestions for how property insurers can accomplish effective low touch claims processing.

California Governor Gavin Newsom said he wants lawmakers to expedite the approval process for insurance companies seeking to hike rates, saying an overhaul of the state's market is taking too long.

Research by ACORD covering 10 years of M&A activity by insurance carriers found that property and casualty deals did best at deriving value, while life insurers saw the most value destruction from mergers.

Electric vehicles have less data available and higher repair costs.

What began out of frustration with waiting to be verified to buy a car turned into an insurtech startup that now serves most of the U.S. for both auto and home insurance verification.