Colorado homeowners insurance rates increase due to escalating climate disasters. Rising premiums and reduced availability challenge the market. Learn about state regulatory efforts and market impact.
Tawuniya, Saudi Arabia’s leading insurer, cuts audit data storage costs by 66% using Oracle's lifecycle management tools, boosting performance and compliance.
Louisiana Insurance Commissioner approves a 5.9% average rate reduction for State Farm's personal auto insurance policies, affecting over 1 million policyholders.
Michigan's 2019 auto insurance reform led to $357 average savings per vehicle, reduced uninsured motorist rates, and adjustments in PIP coverage. The reform's impact continues to shape Michigan's insurance market.
Federal Reserve projects slowing inflation in 2024, but sustained high mortgage rates, tariff-driven price increases, and rising costs in key consumer categories challenge affordability and consumer confidence.
Explore key consumer finance trends including borrowing costs, housing affordability, and the impact of cold weather on electric vehicle range relevant to U.S. insurance professionals.
Michigan Court of Appeals rules a parked, unoccupied vehicle struck in an accident is not liable for property protection insurance benefits under no-fault law. The decision affects insurer responsibilities and subrogation claims.
California's Assembly Bill 238 requires mortgage servicers to offer up to 12 months of forbearance to homeowners impacted by the 2025 LA wildfires, providing critical foreclosure protection and financial relief.
Beneva accelerates its auto insurance digital capabilities by transitioning product definitions to Guidewire's Advanced Product Designer (APD), enabling faster digital delivery and business user flexibility. The insurer, in partnership with GFT, completed the conversion in eight weeks, setting a benchmark in insurance product modernization.
Italian insurance firms face renewed tax audits and possible 2026 law changes impacting Insurance Premium Tax rates on motor-related policies, challenging long-standing tax treatment.
