Insured losses from Hurricane Melissa in Jamaica could hit between $2.2 bn and $4.2 bn, according to data from Verisk’s extreme event solutions unit. Melissa slammed into the island on Oct. 28 with ...

The Illinois House has voted down a contentious insurance regulation bill that would have expanded the state’s power to review and modify filed rates, mandate longer notice periods for premium hikes, ...

Hurricane Melissa tore into Jamaica with 185 mph winds and sheets of rain, smashing records and leaving behind a trail of economic damage that could stretch into the billions. Yet insured losses are ...

Carpe Data and Harbor AI struck a partnership designed for one of insurance’s fastest-growing battlegrounds – excess and surplus lines. Their joint pitch is simple: give underwriters speed, accuracy, ...

EIS is making a blunt promise with its new release: speed up transformation inside insurance operations without dragging through the usual cost and risk. The company announced OneSuite powered by ...

Hong Kong’s Insurance Authority formally designated AIA Group and Prudential Corporation Asia as domestic systemically important insurers. The move comes alongside the launch of a new supervisory ...

The New York Department of Financial Services hit eight auto insurers and agencies with more than $19 mn in fines after finding inadequate cybersecurity controls that exposed consumer data through ...

Insurtech Socotra, the modern core platform for innovative insurers, wants insurers to stop waiting months to test product ideas. The insurtech company’s new tool, Agentic Configuration, lets business ...

Stand, an insurtech startup targeting properties most at risk from natural disasters, has closed a $35m Series B round. Eclipse led the financing, with continued backing from Inspired Capital, ...

State Farm Insurance Co. is under fire in federal court over claims it denied or canceled policies using what the plaintiffs call “cheat-and-defeat AI algorithms.” The lawsuit, filed in the U.S.

Onex Corporation has announced that the Onex Partners Opportunities Fund has agreed to acquire Integrated Specialty Coverages (ISC), a tech-enabled insurance platform dedicated to designing, ...

Fitch Ratings sees a clear shift in the playbook. Insurance brokers across the US and Canada are leaning harder on big acquisitions to keep expansion alive, even as organic growth softens. The deals ...