Maria Valdez Haubrich, Author at ProgramBusiness | Where insurance industry clicks

Beyond Wildfire Risk: What the Palisades and Eaton Fires Reveal About Conflagration Exposure

Conflagration changes how a wildfire behaves, spreads, and devastates communities — and it also changes how risk must be evaluated.

AWS Outage in US-EAST-1 Region Causes Widespread Disruptions Across Major Platforms

The outage stemmed from DNS failures affecting AWS-dependent systems, prompting AWS to implement fixes and restore services, although some backlogs persisted.

Multiple Atlantic Storms Veer East, Sparing U.S. Coastline This Season

Top view of Hurricane Alex, Atlantic Hurricane, Sprawls across the Gulf of Mexico. Aerial view of circular white clouds in motion. Storm, Tornado, Typhoon. Elements of this image furnished by NASA.

The 2025 Atlantic hurricane season has been marked by a recurring pattern: multiple storms that initially appeared to be heading toward the United States ultimately shifted eastward and moved out to sea.

Stand Raises $35 Million Series B, Expands Into Florida to Cover High-Risk Homes

Stand focuses on providing homeowners insurance for properties exposed to wildfires, floods, and windstorms — risks that have increasingly strained traditional insurance markets.

Novacore to Acquire Minglewood Risk, Expanding Real Estate Insurance Segment

The acquisition is positioned to strengthen Novacore’s Real Estate segment and expand its footprint into the five boroughs of New York City.

WCRI: Medical Costs per Claim in California Rose 5%

A view of a worker wearing a safety vest clutching their lower back in a factory environment. The image highlights workplace safety, physical strain, and occupational health risks in industrial settings.

After years of stable payments, medical costs per claim for injured workers in California rose 5% as of 2024, according to a new study by the Workers Compensation Research Institute (WCRI).

MGT Raises $21.6 Million to Expand AI-Native Small Business Insurance

Close up view of money stack of 100 US dollars banknotes. finance concept

MGT, a vertically AI-native neo-insurer based in San Francisco, announced the close of a $21.6 million oversubscribed Series B funding round aimed at redefining commercial property and casualty (P&C) insurance for small businesses and their agents.

IGP Specialty Launches, Uniting U.S. Risk and Safehold Special Risk Under a New Brand

The launch of IGP Specialty represents a significant milestone in the specialty insurance industry, uniting two established organizations under one brand.

Illinois Sues State Farm Over Homeowner Insurance Data

State Capitol of Illinois in Springfield

Illinois Attorney General Kwame Raoul has filed a lawsuit against State Farm, alleging that the company has not complied with a regulatory examination by the Illinois Department of Insurance.

INSTANDA Secures $20 Million Investment Led by CommerzVentures to Drive Global Expansion

INSTANDA, a leading no-code insurance platform, has announced the completion of a $20 million investment round led by CommerzVentures, a Frankfurt-based fintech and insurtech specialist venture capital firm.