An interactive catastrophe risk modelling tool using maps, metrics and real time updates called RiskInsight and created by Karen Clark & Company (KCC) is branding itself as the insurance industry’s go-to for digital catastrophe analysis.

After a transformative year for technology in the insurance industry, SMA partners Karen Furtado and Mark Breading, and principal Karen Pauli, think the best is yet to come. “We expect the trends from the past year or two to move toward more operational phases or move to the next level of activity and impact,” the trio writes in its “Top 10 Insurance Predictions for 2017” report.

Lemonade Insurance Company announced on Friday that it has filed for a licence in 46 states and the District of Columbia in the United States, in addition to New York, where it was licensed three months ago.

Collision repairers and policyholders might have an easier time collecting and being made whole for necessary repair procedures following court actions this year against State Farm in a bad-faith contract case.

A San Diego superior court judge upheld the California Insurance Commissioner’s order to State Farm to reduce rates for homeowners and renters insurance.

Eau Claire County agreed to a $1 million settlement with its insurance company Tuesday to recoup most of the money embezzled by two former employees.

The Supreme Court on Tuesday upheld a jury verdict that found State Farm defrauded the U.S. government when the insurance company assessed damage caused by Hurricane Katrina along the Gulf of Mexico coast in 2005.

The size of the insurance software market is projected to exceed $8 billion this year, according to a new report from market research company IBIS.

It took six years, but a federal jury in a Florida court has determined car insurance giant Geico acted in bad faith when it didn’t fully settle a claim with the family of a woman who died in a road rage accident.

Blockchain technology is "revolutionary" for a lot of industries, including insurance. That’s according to the Blockchain in Insurance: Progress and Plans report from SMA partner Mark Breading, released this month.

The social media world has been awash with news stories about fake news going viral on Facebook and Google. The slugfest that was the 2016 US election opened a window for opportunistic writers to invent news that some people wanted to hear but did not necessarily have any basis in truth.

New risks such as cyber incidents and data privacy, rising regulator and shareholder activism and the influence of third party litigation funders are putting corporate leaders under more pressure of falling foul of investigations, fines or prosecution over alleged wrongdoing, according to a new risk report by Allianz Global Corporate & Specialty (AGCS), a leading provider of Directors and Officers (D&O) insurance globally.

Wells Fargo & Co. wants a federal court judge in Utah to order that customers suing the banking giant over improper sales practices submit their claims to binding arbitration.

What personal data should insurers be allowed to use to price premiums? This question has been raised in New York, as a regulator is said to be considering prohibiting auto-insurers from using consumers’ occupations to price their policies.

Acting upon a petition from the Consumer Federation of California (CFC), California Insurance Commissioner Dave Jones has ordered State Farm to refund homeowners insurance policyholders $104 million and reduce rates going forward.