Insured losses from Hurricane Melissa in Jamaica could hit between $2.2 bn and $4.2 bn, according to data from Verisk’s extreme event solutions unit. Melissa slammed into the island on Oct. 28 with ...

The Illinois House has voted down a contentious insurance regulation bill that would have expanded the state’s power to review and modify filed rates, mandate longer notice periods for premium hikes, ...

Hurricane Melissa tore into Jamaica with 185 mph winds and sheets of rain, smashing records and leaving behind a trail of economic damage that could stretch into the billions. Yet insured losses are ...

US auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 32% in ...

Discover Beinsure — a global digital media platform designed to keep you ahead in the Insurance and InsurTech sectors. Unlock exclusive Global Insurance, Reinsurance and Insurtech market news, reviews ...

Insurtech Socotra, the modern core platform for innovative insurers, wants insurers to stop waiting months to test product ideas. The insurtech company’s new tool, Agentic Configuration, lets business ...

Carpe Data and Harbor AI struck a partnership designed for one of insurance’s fastest-growing battlegrounds – excess and surplus lines. Their joint pitch is simple: give underwriters speed, accuracy, ...

Autonomize AI rolled out a big expansion: AI Studio and an Agent Marketplace with over 100 pre-built, healthcare-native Agents. The company calls it the first orchestration platform designed so ...

The New York Department of Financial Services hit eight auto insurers and agencies with more than $19 mn in fines after finding inadequate cybersecurity controls that exposed consumer data through ...

Stand, an insurtech startup targeting properties most at risk from natural disasters, has closed a $35m Series B round. Eclipse led the financing, with continued backing from Inspired Capital, ...

Hong Kong’s Insurance Authority formally designated AIA Group and Prudential Corporation Asia as domestic systemically important insurers. The move comes alongside the launch of a new supervisory ...

Brown & Brown (Europe) struck a deal to acquire Pardus Underwriting, a UK managing general agent specializing in property owners and commercial combined insurance products. Terms weren’t disclosed, ...