Another busy storm season and rising claims litigation explain insurer policy premiums hikes. Florida homeowners insurance rates will be heading upward for policyholders across the central part of the state next year. Insurers point to consecutive active...

The average payment for auto physical damage insurance claims increased at more than double the rate of inflation from 2010 through 2018, according to a new study from the Insurance Research Council (IRC). The study, Patterns in...

The insurance company is sending homeowners sensors in a pilot testing for electrical defects. A new State Farm fire prevention program pilot has launched. It will use sensors to detect electrical wiring hazards in 40,000 homes in...

Drivers seem to have become more comfortable in the past year with the idea of giving up their data to help insurers more accurately price their coverage. In May 2019, mobility data and analytics firm Arity surveyed...

The grocery chain and insurer have teamed up to help customers protect their holiday meal this year. The Whole Foods grocery chain is working with Progressive to offer customers a Thanksgiving turkey insurance plan. The idea behind...

Triple-I’s chief actuary, James Lynch, gave this talk on the changes that COVID-19 is bringing to the automobile insurance business, at the American Academy of Actuaries Annual Meeting last week. “Thanks for inviting me to be part...

Hurricane Delta last month triggered a 17 million peso (US $800,000) insurance payout to the  Trust for the Integrated Management of the Coastal Zone, Social Development, and Security for the State of Quintana Roo, Mexico. The parametric...

The insurer joined a select few property and casualty providers in asking more of suppliers. The Allstate Corporation has announced that it has joined the CDP Supply Chain, which means it will be requesting that its key...

This holiday has become one of the traditions leading to a spectrum of filings on many policy types. Halloween insurance claims have been climbing with each passing year. Despite the impact of the pandemic, it is still...

Auto insurers used the decline in auto damage claims during the COVID-19 pandemic as an opportunity to refine their claims processes, and customers have noticed. According to the J.D. Power 2020 U.S. Auto Claims Satisfaction Study, the...