Climate change is affecting almost everyone in every region throughout the world. Whether it's hurricanes off the Atlantic coast, flooding in Louisiana, hailstorms and tornadoes in the Midwest or wildfires in the West, climate change is forcing insurers to re-examine how they prepare for and support catastrophe claims.

Cloud-based platforms will let auto insurers make a critical pivot away from purely reactive claims response and processing to claims minimization and avoidance.

The insurance industry is one of the largest in the world and has been around for hundreds of years, making it ripe for transformation by newcomers in the space. Over the past five to ten years, technology has pushed the frontier of what's possible, making way for a new breed of digital-first insurance companies to come to life.

A massive, deadly hurricane like Ian could topple the state's already unstable property insurance market, some lawmakers and industry experts said Tuesday, as the storm took aim at Florida.

Interest rates will keep going up. But that won't be entirely negative for the insurance industry, or the longer-term fundamentals of the broader economy, suggested a new Sigma report from Swiss Re.

With the majority of its employees choosing to work from home post-pandemic, the Allstate call center located in Chubbuck is officially closing.

For the preoccupied adjuster flooded with claim assignments, there has been a mystery associated with the industry term 'insurtech.' And if that describes you, this combination of words revolves around technological innovations aimed at improving the efficiency of the insurance world.

For the savvy insurance professional, there's nothing quite like getting together with like-minded individuals and discussing some of the latest innovations and nuances going on in the industry. And lucky for us all, in-person events are growing in number after the last two years of uncertainty.

Hi Marley analyzed thousands of four-star claim survey responses in its database and identified 1,300 claims in which policyholders relayed issues that, had they been handled differently, would've resulted in a higher rating.

Louisiana, Florida, and Michigan are the three least affordable states for personal auto insurance, according to a new report by the Insurance Research Council (IRC). The three most affordable states, IRC finds, are Hawaii, New Hampshire, and North Dakota.

A recent Risk Perspective blog from Swiss Re's Mohit Pande has outlined the hurricane risks that the industry and economy currently face.

St. Petersburg-based United Property & Casualty Insurance (United P&C) has filed plans to withdraw operations in Florida, Louisiana and Texas and intends to file a plan of withdrawal in New York, its parent company United Insurance Holdings Corp. (UPC) announced Thursday.

According to leading data and analytics company GlobalData, augmented reality (AR) is set to become a $152 billion market by 2030, and its use cases for the insurance sector are only growing. The company notes that the technology's demand among insurers has been catalysed by COVID-19 and the need for remote inspections.

Social inflation, or the rise of insurers' costs to cover claims above general economic inflation, is a growing threat to insurance affordability. The struggle to quantify social inflation's causes is one reason policymakers have yet to reduce its impact.

Tens of thousands of homeowners and businesses have lost their property insurance coverage in the last year, following four major hurricanes, eight company failures and a dozen pullouts from the state's increasingly dicey market. The shakeup has triggered a mass migration away from small private insurers.