MGT AI-Native Insurer Raises $21.6M to Expand Commercial P&C Coverage
MGT secures $21.6M in Series B funding to enhance AI-driven commercial P&C insurance for small businesses across the U.S. Expansion targets E&S markets and AI innovation.
Florida's Hurricane Fund Retention Formula Inflates Insurance Premiums
Florida's automatic increase in the Hurricane Catastrophe Fund retention contributes to higher homeowners insurance premiums by driving up reinsurance costs. Resetting the retention threshold could lower premiums and improve market stability.
The Hartford Advances AI-Driven Strategies to Combat Evolving Insurance Fraud
Explore how The Hartford utilizes AI and data science to detect and prevent sophisticated insurance fraud schemes across property-casualty lines, enhancing risk management and reducing losses.
2025 SambaSafety Report Highlights Telematics Impact on Commercial Auto Insurance
The 2025 SambaSafety Telematics Report reveals telematics' growing impact on commercial auto insurance, highlighting data integration challenges and opportunities for enhanced insurer-fleet collaboration in risk management.
Jacksonville Teens Charged After Stolen Car Crashes into Mattress Store
Three Jacksonville teenagers face felony charges after crashing a stolen car into a mattress store, causing significant property damage and business interruption. The incident highlights insurance risks and claims implications for small businesses in urban areas.
Personal Lines Insurance Shifts to Predict-and-Prevent Mindset Amid Market Pressures
Explore how personal lines insurance is evolving from repair-and-replace to a predict-and-prevent approach, driven by economic pressures, consumer behavior shifts, and technology integration.
U.S. Auto Loan Credit Availability Edges Up in September 2025 Amid Risk Concerns
U.S. auto loan credit availability rose slightly in September 2025, driven by higher subprime lending and longer loan terms. Market dynamics show lenders balancing risk amid increased negative equity and evolving economic factors.
Mississippi Car Insurance Rates in 2024: Competitive Providers and Key Risk Factors
Explore detailed insights on Mississippi car insurance rates in 2024. Learn how age, credit, and driving history affect premiums and discover leading providers like State Farm, USAA, and Allstate.
IFRS 18 to Transform Insurance Financial Statements and Disclosure Requirements
IFRS 18 introduces new financial statement presentation and disclosure requirements for insurance companies, including operating profit subtotals and management-defined performance measures, effective 2027.
Federal Government Shutdown Halts Flood Insurance, Threatening Hampton Roads Real Estate
The federal shutdown pauses the National Flood Insurance Program, disrupting home sales in flood-prone Hampton Roads and raising financial risks.