Homeowners affected by the devastating January 7 wildfires in Los Angeles County have filed lawsuits against three major home insurance providers alleging they were left severely underinsured and unable to rebuild after the destruction of their properties.
Author: Maria Valdez Haubrich
AI, Satellite Data, and Sensors: How ICAT Is Reframing Underwriting Practices
Artificial intelligence (AI) is playing an increasingly significant role in transforming underwriting processes. A recent Capgemini report shows that 62% of executives believe AI enhances underwriting quality and reduces fraud.
Konsileo Appoints Insurance Executive Joe Zuk to Board of Directors
Chartered insurance broker Konsileo has announced the appointment of Joe Zuk to its board of directors, marking the company’s third non-executive board member.
Rebuilding Altadena: Burned Lots Sell Quickly After Eaton Fire
In the months following the January Eaton fire, which destroyed an estimated 6,000 homes in Altadena, a growing number of vacant lots have entered the real estate market, and many have already been sold.
Ategrity Specialty Holdings LLC Announces Launch of Initial Public Offering
Ategrity Specialty Holdings LLC is launching an IPO of 6,666,667 shares at an expected price of $14–$16 per share, will convert to a Nevada corporation named Ategrity Specialty Insurance Company Holdings, and has granted underwriters a 30-day option to purchase up to 1,000,000 additional shares.
MGA Premium Growth in 2024 Marks Fourth Straight Year of Double-Digit Gains
In 2024, managing general agents (MGAs) and other delegated underwriting authority enterprises (DUAEs) in the United States generated $89.9 billion in premium, reflecting a 15% year-over-year increase.
U.S. Business Owners Express Concern Over Tariff-Related Supply Chain Risks
A recent survey conducted by insurance brokerage Gallagher has revealed that a significant majority of U.S. business owners are worried about the potential impact of President Donald Trump’s newly introduced tariffs on their supply chains.
The Art of Selling an MGA — Insights from the Front Lines
What does it really take to sell a Managing General Agency?
JAB Insurance Names Jin Chang as Partner
JAB Insurance has announced that Jin Chang will join the firm in July as a Partner, bringing more than 30 years of insurance experience.
Long COVID Drives Majority of California Workers’ Comp COVID Claim Costs
A recent study by the California Workers’ Compensation Institute (CWCI) has revealed that a small fraction of COVID-19 workers’ compensation claims in California — those involving Long COVID — accounted for the vast majority of claim-related costs during the accident years 2020 through 2022.