MOTER and Sonatus Launch Embedded AI for Real-Time Driver Risk Analytics

MOTER Technologies and Sonatus integrate AI-driven driver risk analytics directly into vehicles, enhancing real-time risk assessment and underwriting for insurers while improving data privacy and cost efficiency.

Fire Safety Tips and Global Retirement Trends from T. Rowe Price Survey

Explore essential home fire safety upgrades and key insights from T. Rowe Price’s Global Retirement Survey, highlighting inflation concerns and retirement planning trends worldwide.

New Bill Seeks to Align Private Flood Insurance with NFIP Coverage Rules

The Continuous Coverage for Flood Insurance Act aims to integrate private flood policies with NFIP rules, boosting consumer choice and market competition while preserving pricing benefits.

Louisiana Approves State Farm Auto Rate Cuts Amid Claims Frequency Drop

Louisiana approves a 5.9% State Farm auto insurance rate decrease driven by fewer claims, while homeowners insurance rates rise 9.7%. Industry surveys point to labor rate reductions in collision repairs.

NBER Report Highlights Rising Household Costs from Climate-Related Disasters

The NBER report estimates U.S. households face $400-$900 annually in climate-related costs from extreme weather, with rising insurance premiums, energy bills, and health impacts driving up expenses.

Georgia Expands Insurance Cancellation Notice and Introduces Catastrophe Savings Accounts

Georgia law extends insurance cancellation notice from 30 to 60 days and launches catastrophe savings accounts to help homeowners manage storm damage and insurance costs.

Chubb Names Chris Colahan Head of Asia Pacific Commercial Property & Casualty

Chubb appoints Chris Colahan as Head of Commercial Property & Casualty for Asia Pacific, enhancing strategic focus in the regional insurance market. Get insights on market impact and leadership.

Township Reviews Tax Break Request for Senior Housing Project at Former Telecom Site

Township committee considers PILOT tax breaks for senior housing redevelopment of vacant telecom office, amid school funding concerns.

CRC Group and Jencap Strengthen Binding Operations With Key Regional Hires

CRC Group and Jencap Group enhance regional binding operations and market presence through strategic senior appointments in California, Atlanta, Charlotte, and Denver, driving insurance market growth and service expansion.

Evercore Reports Rising Social Inflation Pressuring U.S. Casualty Reserves

Evercore ISI highlights intensifying social inflation in U.S. casualty insurance, evidenced by rising court awards and settlement values, pressuring reserves and impacting casualty rate trends in the property & casualty market.