insurance

While natural disasters vary by season and region across the U.S., many property owners are still caught off guard by just how widespread—and costly—flood and water damage can be when a powerful storm strikes their homes, businesses, and communities.

The consistent increase in false advertising claims targeting consumer-facing companies has revealed a significant gap in insurance coverage.

Inshur announced it has secured a $35 million investment from alternative asset manager Trinity Capital, which will be used to advance AI-driven research and development supporting its embedded auto insurance solutions for the autonomous vehicle market.

Erie Insurance announces the full restoration of business operations following a month-long network outage.

Recent legislative reforms reshaping Florida’s risk environment have restored reinsurer confidence and drawn them back into the state’s market, according to mid-year renewal reports from brokers Aon and Gallagher Re.

Marsh USA has filed a lawsuit against competitor Alliant Insurance Services, accusing the firm of unlawfully poaching critical commercial surety staff and clients.

New York City Mayor Eric Adams has enacted a new law that reduces the mandatory auto liability insurance coverage for for-hire vehicles.

Robust returns in the reinsurance sector are drawing in fresh capital, resulting in more favorable pricing for buyers. However, brokers’ renewal reports note that underwriting discipline remains firmly in place.

Zurich Insurance Group AG has announced its acquisition of BOXX Insurance Inc., a Canadian company specializing in cyber risk management, marking the Swiss insurer’s latest strategic move to strengthen its presence in the insurtech space.

The adoption of artificial intelligence in insurance is less a sprint to the finish than a scramble to reach the starting line, experts say.