Property and casualty insurance

The top five P&C insurers globally have an average of more than $70 billion in premiums written.

Commercial property insurance customers are concerned about climate risk, and most are willing to invest $20,000 or more to increase resilience.

Nationwide and Petco news, plus Chubb's StreamLabs launches Scout and more.

While no single weather event caused more than $10 billion in losses for insurers last year, there were 37 thunderstorms that each cost at least $1 billion, according to a report by Aon Plc.

Digital Insurance is working on some research around how the industry views the use of AI and its associated risks. 

By embracing emerging technology like AI, auto insurers can future proof their businesses and stay competitive.

Insurance CEOs remain optimistic and committed to investing in emerging tech.

Digital Insurance reached out to insurance professionals about new and emerging risks.

Also, rising claims and risky driving create an uncertain road for auto insurers.

Citizens Property Insurance Corp. reported that private insurance companies assumed 650,399 policies from the state's last-resort carrier in 2023.