Property and casualty insurance

California governor's executive order tasks insurance regulator and other state agencies to make recommendations on mitigating wildfires, insurance affordability and availability, expediting insurance claims and more.

Budget cuts at the federal disaster agency are forcing insurance carriers to rethink underwriting, reinsurance, and catastrophe modeling, and pivot accordingly.

California insurance commissioner Ricardo Lara proposes stricter standards for Consumer Watchdog's compensation in representing home insurance policyholders against insurers' rate increase proposals.

AB 226, still subject to governor's approval, allows likely $1 billion of borrowing to cope with strains on the state's insurer of last resort.

Modernization should never be viewed solely as an IT project.

New law, SB 429, California Wildfire Public Catastrophe Model Act, depends on the state's university system and its resources to check insurers' and regulators' risk modeling.

Triage spearheads U.S. expansion plans for London-based insurtech.

Many businesses are overlooking the full extent of their climate risk, even after they've experienced the impacts of more extreme weather first-hand.

Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.

Five ways technologies and revised processes are helping insurance organizations better predict and protect.

Forty-three percent of homeowners insurance customers who experienced a premium increase and say they are unlikely to renew cited the rising rates as the main reason.

A report by Weiss Ratings, based on state regulators' data, finds insurers more aggressively denied claims under the law, and claimants responded with more lawsuits.

Larger states are more likely to have funds for prevention of natural disasters and responses to these events, says Chip Merlin, an attorney who represented Hurricane Katrina survivors.

Upstage, founded in 2020, recently completed a funding round with backing from Amazon, validating its customizable solution for extracting information from documents.

The report, cowritten by the U.S. Chamber of Commerce and the Chamber's foundation, predicts job losses and lost economic activity, but sees prevention potential from public-private partnerships.

Everest Reinsurance names chief underwriting officer, more career moves.

The home insurer's objections to an in-person public hearing with regulators are dismissed by a California administrative judge, along with efforts to separate and postpone wildfire claim handling complaints from the rate hearings.

Real technology transformation focuses on outcomes that are measurable and matter to the customer.

Trinidad Navarro, insurance commissioner of Delaware, urged the National Association of Insurance Commissioners to continue developing a nationwide platform where insurance consumers can look up disciplinary and regulatory actions against agents.

The models at the time overestimated the strength of the levees. They also underestimated the exposure of commercial properties.