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

How Carrier Processes and Technology Shape the Agent Experience: Insights from Vertafore’s Latest Report

Meeting success. Two business persons shaking hands standing outside

A new report from Vertafore, “Independent agents on improving carrier partnerships: Report for insurance carriers,” sheds light on key factors that influence the agent experience.

U.S. Property/Casualty Insurance Industry Sees Significant Underwriting Improvement in 2024

Modern apartments with spacious balconies and rooftop gardens under a cloudy sky, emphasizing green living.

The U.S. property/casualty (P/C) insurance industry experienced a substantial reduction in underwriting losses in 2024, with net underwriting losses narrowing to $2.6 billion from $24.6 billion in 2023, according to A.M. Best & Co. Inc.

AIG Elects Juan Perez to its Board of Directors

American International Group, Inc. — AIG — today announced that Juan Perez, Executive Vice President and Chief Information Officer (CIO) of Salesforce, has been elected to its Board of Directors as an independent Director, effective immediately.

NSM’s Commercial Division Embraces a Bold New Chapter

NSM Insurance Group, a global specialty insurance provider, announced today it has signed a definitive agreement to sell its U.S. commercial insurance division to New Mountain Capital, a leading growth-oriented investment firm with over $55 billion in assets under management.

California Insurance Wholesalers Association (CIWA) Launches Internship Program to Foster Next Generation of Insurance Professionals

The California Insurance Wholesalers Association (CIWA) announces the launch of its inaugural Internship Program, designed to provide college students with hands-on experience in the excess and surplus lines insurance industry.

The Cost of Flood Recovery: Why Many Homeowners Are Left Without Insurance

Washed out Low Water Bridge in Fries, VA from Hurricane Helene

When Hurricane Helene brought severe flooding to western North Carolina, many homeowners faced devastating losses—only 3 percent had flood insurance.

California’s Wildfire Crisis: $30 Billion in Real Estate Losses and a Long Road to Recovery

The sun nearing the horizon over Long Beach, California lining up with one of the main streets in the city illuminating the pavement shot from about 1000 feet overhead.

The devastating Palisades and Eaton fires have inflicted an estimated $30 billion in real estate losses, displacing nearly 13,000 households and severely impacting local communities.

One in Three U.S. Drivers Are Either Uninsured or Underinsured, Exposing Themselves and Other Drivers to Significant Financial Risk, New IRC Study Shows

driving on highway road, closeup hands of car driver on steering wheel, road trip at sunset

One in three U.S. drivers (33.4%) were either uninsured or underinsured in 2023, a 10-percentage point increase in the combined rate since 2017, according to a new report, Uninsured and Underinsured Motorists: 2017–2023, produced by the Insurance Research Council (IRC), affiliated with The Institutes.

California’s FAIR Plan Faces $1 Billion Shortfall Following LA Wildfires

Wildfire Fire Burns East Of Los Angeles covering the area in smoke

California’s FAIR Plan, the state’s insurer of last resort for homeowners unable to obtain private insurance, requires an additional $1 billion to cover claims from the recent Los Angeles wildfires.

California Court Rules Wildfire Debris Does Not Constitute “Physical Damage” in Homeowners Insurance Case

Close-up portrait of the rubble remains of a kitchen devasted by a fire

A recent California appeals court decision has reaffirmed that wildfire debris does not automatically constitute “direct physical loss or damage” under homeowners insurance policies.