Most Americans agree U.S. insurers price personal auto and homeowners policies by using fair rating variables yet nearly half of them (47 percent) said paying for coverage was a challenge, a newly-released Insurance Research Council (IRC) survey found.
Author: Annie George
IICF’s Inaugural Philanthropic Giving Index Benchmarks 2022 Industry Grants Over $1 Billion
The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, today announces the results of the benchmark IICF Philanthropic Giving Index, an independent review of philanthropic activity across the insurance industry, including property and casualty, life and more.
Driver’s License, Social Security Numbers ‘Copied’, Caesars Tells SEC
The driver’s license and Social Security numbers “for a significant number of members” of the Caesars Rewards program were copied by an “unauthorized actor,” Caesars Entertainment said in a report to the Securities and Exchange Commission released Thursday.
Hartford Launches New Digital Agency Submission Capabilities for Midsize and Large Accounts
The Hartford has expanded its digital capabilities with new submission and quote Application Programming Interfaces (APIs), and portal options for agents and brokers who write midsize and large businesses.
Regulators Are Trying to Stop Greenwashing Before It Gets Worse
The range of agencies tackling greenwashing is indicative of its ambiguity and breadth. Dubious sustainability claims can be found in TV commercials, print ads, online ads, product descriptions and on packaging, not all of which are regulated by the same bodies.
Vesttoo Seeks to Recover $200M+ from Co-founders Bertele & Lifshitz
Under-fire Israeli insurtech Vesttoo, which is at the heart of a letter of credit (LOC) fraud scandal, is now claiming hundreds of millions of dollars back from its two ousted co-founders.
Shareholders Call for HIPPO Board to Initiate a Strategic Review of Company
A group of concerned HIPPO shareholders have called for the board to immediately announce and run a strategic review process with the goal of preserving and maximizing value from the Company’s capital, Spinnaker Insurance Company and NOLs.
The Fight for Price: Middle-Market Risks Shop Their Insurance Programs
Ballooning reinsurance costs, weather events resulting in claims and heightened property values are all contributing factors to rising property insurance premiums.
AM Best: Secondary Perils, Inflation Underlie Volatile Operating Results for U.S. P/C Mutual Insurers
Although rated U.S. property/casualty mutual insurance companies saw notable premium growth in 2022, carriers still recorded a $31 billion underwriting loss due to higher claims costs amid elevated inflation, according to a new AM Best report.
APCIA: Commonsense Reforms Are Needed in Third-Party Litigation Financing
The American Property Casualty Insurance Association (APCIA) released the following statement in support of today’s House Committee on Oversight and Accountability hearing entitled, “Unsuitable Litigation: Oversight of Third-Party Litigation Funding.”