Hiscox partners with Bellwether to deploy an AI-driven wildfire risk model enhancing risk assessment and pricing in California's property insurance market.

Westfield sells Westfield Bancorp to First Financial Bancorp for $325M, focusing on expanding its core P&C and specialty insurance businesses. Regulatory approval expected by Q4 2025.

Florida regulators approve Southern Oak and American Integrity to assume over 51,000 policies from Citizens Property Insurance, advancing the state's insurance market depopulation strategy and signaling market stabilization.

Patriot Select took over nearly 12,000 Florida homeowners multi-peril insurance policies from Citizens Property Insurance, backed by a strong reinsurance program and additional capital.

Explore Florida's 2025 auto accident law reforms including modified comparative negligence and shortened statute of limitations affecting injury claims and insurance practices.

Progressive Insurance leads U.S. auto insurance market in 2024 with 16.4% share, surpassing State Farm. DPW growth highlights sector competition.

Extreme heat in the eastern U.S. is causing power grid strains and blackouts, with utilities issuing alerts and urging energy conservation during peak demand.

The U.S. insurance industry is set for robust growth in 2025 fueled by better pricing, catastrophe-driven renewals, and technology investments. Sector outperforms broader markets as companies focus on underwriting, premium hikes, and operational efficiency.

Research shows carbon underwriting policies significantly reduce coal mine insurance coverage, impacting production, employment, and mine viability, with European insurers leading reform efforts.

Kingstone Companies increases 2025/2026 catastrophe reinsurance limit by 57%, incorporating a $125 million cat bond under Rule 144A, optimizing coverage cost and supporting growth.