Insurance Articles

In a groundbreaking move, California is set to become the first state in the United States to allow insurance companies to incorporate future climate change risks into their pricing models. This landmark decision by California’s insurance commissioner marks a significant step towards addressing the growing concern of climate change and its impact on the insurance

Insurers aiming to serve the needs of Gen Z consumers, who favor independence in their e-commerce transactions, may find it essential to offer additional resources and unbiased information. According to Jason Keck, the founder and CEO of Broker Buddha, Gen Z individuals typically do not engage with insurance brokers for needs like auto or rental

The executive order lays out a series of directives for Commissioner of Insurance Ricardo Lara: 1. To expand the range of coverage options available to consumers, with a particular focus on underserved areas, while ensuring the long-term availability of homeowners and commercial property insurance. 2. To enhance the efficiency and transparency of the rate approval

Saving money on homeowners insurance can help reduce your overall housing costs. Here are ten tips to help you save money on homeowners insurance: 1. Shop Around:    Compare quotes from multiple insurance providers to find the best rates. Online comparison tools and insurance agents can help you with this process. 2. Bundle Policies:   

Saving money on auto insurance is a smart way to reduce your overall transportation costs. Here are ten tips to help you save money on auto insurance: 1. Shop Around:    Compare quotes from multiple insurance providers to find the best rates. Online comparison tools and insurance agents can help you with this process. 2.

Commissioner Ricardo Lara has unveiled a series of measures aimed at alleviating California’s insurance crisis. The California Department of Insurance is actively working on a comprehensive set of regulatory reforms designed to streamline the rate review process. This initiative comes in response to the failure of a contentious bill aimed at addressing the challenges in

The life and health (re)insurance sector has witnessed a rapid transformation over the past decade, primarily driven by technological advancements. Leading experts have identified groundbreaking innovations such as artificial intelligence (AI) and machine learning as pivotal game-changers in this industry. Senan O’Loughlin, Executive Vice President of US Mortality Markets at Reinsurance Group of America, Incorporated

As vehicles and their owners become increasingly intertwined with technology, repair facilities working on connected cars must pay closer attention to utilizing “service mode” settings to manage communications and access during vehicle repairs, including test drives.  Illustrating this point, a reader of Repairer Driven News shared an example of how conducting essential driving maneuvers on

Stoïk, a European startup specializing in cyber insurance, has successfully secured $10.7 million in funding and is expanding its operations to Germany. Similar to the U.S.-based Coalition, Stoïk primarily caters to small and medium-sized businesses, filling a critical need for cybersecurity protection. The expansion into Germany will be led by Franziska Geier, and this strategic

The cyber insurance landscape – a dynamic enigma. These two words perfectly encapsulate the current state of the cyber insurance market, as described by Nadia Hoyte, the cyber national practice leader at USI Insurance Services. Over the past few years, this sector has witnessed significant challenges, including soaring premium rates, limitations in coverage, and a