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- Insurance News Digest 9-26-24
Insurance News Digest 9-26-24
Your new super power for easily staying on top of insurance industry news.
Ready for a new super power for your career? Now you can easily stay on top of insurance industry news to generate leads, find hidden opportunities, avoid risks, and more. The news below was curated from hundreds of articles in 30 insurance industry publications specifically for people who have (or want) clients in the insurance industries.
State Farm reports its worst loss ratio in homeowners insurance since 2011, while competitors show signs of recovery, signaling challenges in the property insurance sector.
West Bend Insurance expands its collaboration with ZestyAI to use AI-driven risk analytics for better underwriting and policy renewals, a critical move as climate risks increase.
Verisk’s new report highlights continued increases in construction costs, which are expected to impact both carriers and reinsurers across property insurance lines.
Hastings Direct extends its relationship with Carpe Data, focusing on long-term innovation in insurance data solutions, positioning both companies for future growth and development.
A look at how intelligent underwriting adds business value for group, voluntary benefits, and worksite insurers by streamlining processes and improving decision-making.
SureChoice partners with SageSure to introduce a new business owners policy (BOP) for the California market, focusing on catastrophe-exposed regions and underserved businesses.
Functional Finance raises $20 million to enhance its platform for modernizing financial operations for carriers and MGAs, driving efficiency and increasing premium payment volumes.
Underwriters are increasingly wary of PFAS exposure risks due to mounting litigation and regulatory scrutiny, emphasizing the need for careful policy assessment and coverage limits.
Ledger closes a $100 million casualty sidecar transaction, addressing the growing demand for alternative risk transfer solutions in the casualty insurance space.
AM Best reports that many of the risks currently seen in the excess and surplus lines (E&S) market may become permanent, requiring ongoing adjustments by insurers and reinsurers.
The head of Canada's financial services warns that increasing climate risks and insurance difficulties may force people to relocate, urging insurers to reconsider risk assessments.
1 Link to subscribe to Carrier Management: https://www.carriermanagement.com/subscribe/
2 Link to subscribe to Insurance Innovation Reporter: https://iireporter.com/hastings-direct-expands-relationship-with-carpe-data/
3 Link to subscribe to Insurance Business Mag: https://www.insurancebusinessmag.com/us/newsletter/
4 Link to subscribe to Insurtech Insights: https://www.the-digital-insurer.com/member-benefits/
5 Link to subscribe to The Artemis: https://www.artemis.bm/e-newsletter/
6 Link to subscribe to The Claims Journal: https://www.claimsjournal.com/subscribe/