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

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.

Deadly Storm Slams East Coast with Winds, Waves and Floodwaters

Waves breaking on wooden piling.

A powerful coastal storm swept up the East Coast over the weekend and into the start of the week, bringing heavy rain, gusty winds, and dangerous surf that caused widespread flooding, beach erosion, and travel disruptions from the Carolinas to New England.

Trucker Path Insurance Launches with $7M Trucking Book

Trucker Path has announced the launch of Trucker Path Insurance (TPI), a digitally enabled retail insurance agency that connects the trucking industry’s most active and safety-focused owner-operators and fleets with tailored coverages from top insurance markets.

SIAA Launches SIAA NXT: The Intelligent Distribution Platform

SIAA, the nation’s leading alliance of independent insurance agencies, has announced the launch of SIAA NXT, the Intelligent Distribution Platform (SM) designed to transform how independent agencies, carriers, and partners connect and grow.

Insurtech Startup ZeroedOut Launches Nationwide with a New Approach to Auto Deductibles

Hands protecting a car model

The company describes its offering as more than a service — positioning it as a movement toward financial wellness.

Powerful Atmospheric River Storm Pounds Los Angeles, Triggers Flooding and Evacuations

Bomb cyclone causes severe storm in California with severe flood damage in Capitola, CA, USA on January 5, 2023; storm kills 2. Pier is evacuated, piers are down and hundreds of homes without power in coastal Santa Cruz County, CA, part of Capitola Wharf and Seacliff Pier.

A rare and powerful atmospheric river storm brought heavy rainfall, flooding, and debris flow risks across Los Angeles and surrounding counties on Tuesday morning, prompting multiple evacuation orders and emergency rescues.