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P&C Industry Faces Mixed Financial Outlook in 2023: A Deep Dive into Commercial and Personal Lines Performance

P&C Industry Faces Mixed Financial Outlook in 2023: A Deep Dive into Commercial and Personal Lines Performance

Forecast shows commercial lines outperforming personal lines in 2023, amid challenges like inflation and legal system abuse.
February 14, 2024 Property Workers' Compensation

Few States Actively Combating Increased Hurricane Risk Despite Rising Frequency

Few States Actively Combating Increased Hurricane Risk Despite Rising Frequency

With hurricanes becoming three times more frequent over the past century, only a handful of U.S. states are stepping up with effective risk reduction strategies.
February 12, 2024 Catastrophe Marine Property Risk Management Louisiana New York

Nebraska Man Charged with Stealing Over $800,000 in Insurance Fraud Scheme

Nebraska Man Charged with Stealing Over $800,000 in Insurance Fraud Scheme

A Lincoln, Nebraska man is accused of defrauding his employer, American Heritage Life Insurance Company, out of nearly $850,000 through false claims.
February 9, 2024 Fraud Insurance Industry Litigation Property Nebraska

San Diego County on Alert for Flood Insurance Scams Amid Cleanup Efforts

San Diego County on Alert for Flood Insurance Scams Amid Cleanup Efforts

California's Insurance Commissioner alerts San Diego residents to be vigilant of fraudsters following devastating floods, emphasizing the importance of cautious engagement with public adjusters and contractors.
February 7, 2024 Catastrophe Fraud Property California

California Court Rules Against Customer for Libelous Online Posts About Contractor

California Court Rules Against Customer for Libelous Online Posts About Contractor

In a notable decision, a California court ruled that online disparagements made by a customer against her contractor were libelous, setting a precedent for business protection against false online accusations.
February 7, 2024 Legislation & Regulation Litigation Property Technology California

Florida Senate Moves to Allow Surplus Lines Insurers to Cover Second Homes

Florida Senate Moves to Allow Surplus Lines Insurers to Cover Second Homes

A key Florida Senate bill aims to shift secondary home insurance from Citizens to surplus lines carriers, stirring mixed reactions among industry professionals.
February 6, 2024 Excess & Surplus Lines Legislation & Regulation Property Florida

U.S. Farm Bureaus See 13% Premium Growth Amidst Underwriting Challenges

U.S. Farm Bureaus See 13% Premium Growth Amidst Underwriting Challenges

Over the last two years, U.S. farm bureaus in the property/casualty sector have enjoyed a 13% increase in premiums, driven by key lines of business despite facing underwriting and market share challenges.
February 5, 2024 Auto Property Underwriting

Atmospheric River Triggers Severe Floods and Landslides in Southern California

Atmospheric River Triggers Severe Floods and Landslides in Southern California

Southern California is under threat from life-threatening landslides and flash floods as an intense atmospheric river event hits the region, with significant rainfall expected.
February 5, 2024 Catastrophe Property Risk Management California

Insurtech Funding Falls to Four-Year Low in 2023, Reveals Gallagher Re Report

Insurtech Funding Falls to Four-Year Low in 2023, Reveals Gallagher Re Report

Insurtech funding declined to $4.5 billion in 2023, marking the lowest investment level since 2018 amidst a challenging economic climate.
February 5, 2024 Life & Health Property Technology

Six New Insurance Companies Set to Transform Florida’s Homeowner Insurance Landscape

Six New Insurance Companies Set to Transform Florida’s Homeowner Insurance Landscape

The entry of six new insurance companies into Florida's market, following state regulatory approval, promises more options and competition for homeowners seeking coverage.
January 31, 2024 Insurance Industry Legislation & Regulation Property Florida

FloodFlash Revolutionizes Flood Insurance with Innovative Sensor Technology in the U.S.

FloodFlash Revolutionizes Flood Insurance with Innovative Sensor Technology in the U.S.

FloodFlash, with its unique sensor-based parametric flood insurance, is transforming the flood coverage landscape in the U.S., offering more accurate and reliable policies.
January 31, 2024 Property Risk Management Technology Alaska Hawaii

Fast-Moving Atmospheric River Set to Soak California

Fast-Moving Atmospheric River Set to Soak California

A potent atmospheric river is forecast to bring significant rainfall to California, raising concerns over landslides and flooding in already saturated regions.
January 30, 2024 Catastrophe Property Risk Management California Texas

Proposal to Introduce Pet Insurance in New York Gains Momentum

Proposal to Introduce Pet Insurance in New York Gains Momentum

New York legislators aim to join other states in offering pet insurance, with proposed bills focusing on regulatory frameworks and consumer protection.
January 30, 2024 Legislation & Regulation Life & Health Property California Maine Mississippi New York Washington

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens, Florida's insurer of last resort, plans to transfer approximately 76,000 policies to private insurers this month, as part of its broader strategy to reduce policy count and address solvency concerns.
January 29, 2024 Insurance Industry Legislation & Regulation Property Florida

Amazon Revamps Neighbors App, Removing Police Video Access While Enhancing Community Features

Amazon Revamps Neighbors App, Removing Police Video Access While Enhancing Community Features

Amazon's Neighbors app discontinues its Request for Assistance tool, restricting police video access, while introducing new features to foster greater community connection and sharing.
January 26, 2024 Catastrophe Property Risk Management Technology
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