Nearly 16% of U.S. drivers in 2022 were underinsured, unable to fully cover damages or injuries caused in accidents, highlighting a significant insurance gap.

A record 1,020,729 vehicles were stolen across the U.S. in 2023, with California and the District of Columbia leading in numbers and rates, respectively.

With the adoption of NAIC’s AI framework by seven states, insurers face the challenge of implementing comprehensive AI governance and risk management programs.

In a close vote, Colorado’s House Business Affairs and Labor Committee advances a bill requiring firearm owners to hold liability insurance, aiming to enhance responsible gun ownership.

The FAA has launched an investigation after an engine cover on a Boeing 737-800 detached during takeoff, causing no injuries but raising safety concerns.

A new survey shows a significant shift towards AI in the P/C insurance sector, despite ongoing challenges with algorithmic bias.

Two Colorado farmers, Patrick Esch and Ed Dean Jagers, settle for $6.5 million after defrauding federal crop insurance programs through rain gauge tampering.

With rising concerns over data privacy, the unauthorized use of personal information in auto insurance claims and repairs presents significant risks and implications for millions.

The CEO of Swiss Re underscores the need for fair risk valuation amid rising insurance costs, pointing to climate change as a significant driver of recent price adjustments.

The FDA lists 57 products in a growing recall over listeria contamination fears, with an investigation focusing on queso fresco and cotija cheeses.

The National Council of Insurance Legislators adopts a Colorado-inspired model for dental plans’ Medical-Loss Ratios, aiming for fairer premium spending on patient care.

VF Corp, parent company of North Face and Vans, reports 35.5 million consumers’ data compromised in a December cyberattack but confirms no critical financial data stolen.

In a landmark decision, the Illinois Supreme Court overturns years of precedent, ruling that damage from construction defects may be covered under commercial general liability policies.

Wildfires continue to threaten communities, ecosystems, and economies worldwide. With the increased risk and frequency of catastrophic weather events, the continuous need to reassess and update models has challenged insurance professionals.

Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states.