Property and casualty insurance

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.

As elections may increase political violence, specialty insurance is crucial for businesses at risk of related damage or trade disruption.

With the retreat from globalization, insurers will have to adapt but it won't be easy.

Dave North, executive chairman of Sedgwick, will retire on June 30th, but will continue to serve on the company's board of directors.

The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.

The specialty insurer is changing up its requirements for some positions, about one-third of jobs don't require a four-year college degree.

AI has great risks for underwriters but also great potential benefits, according to Randy Paez, chief information officer of Ambac. Paez spoke with Digital Insurance about how to leverage data and integrate AI into insurance operations.

Greater exposure to climate risks is driving an increase in insurance premiums and decrease in insurance availability.

Laws against inducements and referral fees are among the obstacles for carriers looking to distribute coverage by embedding it in other channels.

Capgemini Research Institute's World Property and Casualty Insurance Report 2024 indicates insurance executives see the potential benefits of AI and ML but underwriters are concerned about overcomplexity and data integrity.

The two companies, units of Japan-based Tokio Marine Holdings Inc., said the decision will affect 12,556 policies with premiums of $11.3 million.

A host of factors have affected our daily work lives, but the recent pandemic changed how and where we work. Ken Tolson with Crawford & Company discusses the talent challenges and how to succeed in a new environment.

Geico, State Farm and Progressive ranked as top three overall in Keynova's Mobile Insurance Scorecard.