Massachusetts Construction Manager Sues Allianz Over Defense Refusal in $5M Property Claim

Massachusetts Construction Manager Sues Allianz Over Defense Refusal in $5M Property Claim

Massachusetts construction manager D.F. Pray sues Allianz for refusing defense in $5M property damage claim, highlighting insurer defense obligations and Massachusetts insurance law compliance.

Angela Ripley Named Chair of Independent Insurance Agents & Brokers of America

Angela Ripley appointed chair of Independent Insurance Agents & Brokers of America, focusing on innovation, inclusion, and strategic growth in the insurance agency sector.

Lemonade Inc. Stock Rises on Investor Confidence and AI-driven Auto Insurance Expansion

Lemonade Inc. stock surges 9.21% driven by fintech partnerships and AI-backed auto insurance growth. Analysts raise target prices amid cautious optimism despite profitability challenges.

Hybrid Parametric Insurance Advances Disaster Recovery with Faster Claims

Explore how hybrid parametric insurance combines traditional coverage with automated triggers to speed disaster recovery claims and improve insurer responsiveness.

U.S. Auto Insurance Rate Increases Slow in 2025 Amid Market Stabilization

Auto insurance premium increases in the U.S. slowed significantly in 2025, driven by improved insurer profitability, fewer claims, and stabilized repair costs. State differences remain key factors.

Lawsuit Accuses State Farm of Claim Mishandling and Racial Discrimination

A federal lawsuit alleges State Farm mishandled an auto claim and discriminated against a Black policyholder, raising compliance and claim handling concerns in the auto insurance industry.

Declining Auto Theft in 2024 Does Not Lower Insurance Premiums

Auto theft in the U.S. drops by 17% in 2024, but auto insurance premiums continue to rise due to repair costs, inflation, and legal factors influencing the insurance market.

California FAIR Plan Faces Financial Strain Amid Rising Wildfire Costs

The California FAIR Plan is under financial pressure due to escalating wildfire claims and rising repair costs. Insurers and homeowners face potential assessments or bailouts amid this growing risk.

Florida Lawmakers Consider Sustainable Property Tax Cuts Ahead of 2025 Vote

Florida lawmakers and officials explore property tax reduction strategies balancing homeowner relief with local government revenue needs ahead of a 2025 constitutional vote.

NEIC Launches Modernized Personal Lines Insurance Powered by No-Code Platform

New England Indemnity Company launches modernized personal lines insurance in New Hampshire using INSTANDA's no-code platform and ReSource Pro's tech services to enhance agility and efficiency.