State Farm Faces Unprecedented Homeowners Loss Ratio Amid Severe Weather Challenges
State Farm’s homeowners loss ratio hits a 20-year high, driven by severe weather events, prompting significant rate hikes and premium growth.
December 20, 2023
Catastrophe
Property
Risk Management
Underwriting
Insurance Industry at a Crossroads with Technology Transformation and Customer Focus
Examining the pitfalls of past insurance transformations and the urgent need for a customer-focused, technologically adept future in the industry.
December 20, 2023
Insurance Industry
Risk Management
Technology
Underwriting
Reinsurance Industry’s New Frontier: Leading Climate Solutions with GHG Emission Strategies
How the reinsurance industry is embracing its role in tackling climate change by integrating greenhouse gas strategies into its operations.
December 15, 2023
Legislation & Regulation
Risk Management
Technology
Underwriting
The Four Horsemen of AI: How Tech Allows Tomorrow’s Underwriter to Predict, Segment, Optimize and Generate Results
At ITC Vegas 2023, experts discussed AI’s transformative role in insurance underwriting, emphasizing the need for trust and education in integrating this evolving technology.
December 1, 2023
Education & Training
Risk Management
Technology
Underwriting
Nevada
Commercial Underwriting: Risk Factors That Matter
Understanding the complex landscape requires both foresight into identifying the right risk variables and a modern technology stack.
November 28, 2023
Catastrophe
Risk Management
Technology
Underwriting
AI Impact in Insurance Balances Efficiency Gain and Employment Concerns
Artificial Intelligence revolutionizes insurance underwriting and processes, raising efficiency but also sparking concerns over job security in the industry.
November 27, 2023
Insurance Industry
Technology
Underwriting
Revolutionizing Auto Insurance Claims with Advanced Crash Detection Technology
Crash detection technology is set to revolutionize the auto insurance claims process, offering real-time accident alerts and improving the efficiency of claims handling.
November 15, 2023
Auto
Risk Management
Technology
Underwriting
Generative AI Revolutionizing the Insurance Industry, Prompts Innovation Funding Surge
In the face of generative AI’s rapid growth, insurance industry leaders are fast-tracking innovation and funding for digital strategies.
November 14, 2023
Education & Training
Risk Management
Technology
Underwriting
District Of Columbia
Cyber Insurance Market Emerges as a Highly Profitable Sector Despite Rising Ransomware Attacks
Amid a surge in ransomware attacks, the cyber insurance market remains highly profitable with strong growth potential, demonstrating resilience in the face of evolving cyber threats.
November 13, 2023
Liability
Risk Management
Technology
Underwriting
2023 P&C Industry Outlook: Net Combined Ratio Hits 103.8% Amid Rising Replacement Costs and Market Challenges
The property/casualty insurance sector anticipates a challenging 2023, marked by unprofitability and rising replacement costs, despite strong premium growth.
November 10, 2023
Catastrophe
Property
Risk Management
Underwriting
Mulberri Launches AI Risk Engine to Revolutionize Workers’ Compensation Underwriting
Enhancing accuracy and profitability, Mulberri’s new AI Risk Engine promises to revolutionize workers’ compensation underwriting.
November 8, 2023
Risk Management
Technology
Underwriting
Workers' Compensation
Nike Launches Legal Battle Over Sneaker Tech Patents Against New Balance and Skechers
Footwear giant Nike filed federal lawsuits against New Balance and Skechers, accusing them of infringing patents related to Nike’s technology.
November 7, 2023
Litigation
Technology
Underwriting
California
Massachusetts
Oregon
Storm Losses Dent P&C Sector Profits, Optimism Brews for 2025 Revival
Severe convective storm losses—the highest in decades—significantly affected the 2023 net combined ratio for the property/casualty industry, according to the latest underwriting projections by Triple-I and Milliman actuaries.
November 2, 2023
Auto
Catastrophe
Legislation & Regulation
Property
Risk Management
HoneyQuote Partners with First Connect to Give Agents Access to the Florida Insurance Market
HoneyQuote, a digital insurance marketplace, has partnered with First Connect Insurance Services to grant thousands of independent agents nationwide the ability to seamlessly write policies in Florida.
October 23, 2023
Insurance Industry
Property
Technology
Underwriting
Florida
The Promise of Continuous Underwriting
Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.
October 12, 2023
Technology
Underwriting
