Insurance Journal

AUGUST 19, 2024

The Michigan Department of Insurance and Financial Services (DIFS) released a bulletin this month addressing the growing use of artificial intelligence in the insurance industry. The bulletin clarifies DIFS’ expectations and outlines the responsibilities that insurers have when they adopt …

Insurance Industry 275

Insurance Industry Insurance Insured Insurer 275

Insurance Journal

OCTOBER 20, 2024

The insurance industry, traditionally rooted in face-to-face interactions and extensive documentation, is undergoing a significant transformation with the rise of video marketing. As digital communication becomes the norm, retail insurance agents, wholesalers, MGAs, carriers and insurtechs increasingly turn to video …

Insurance Industry 264

Insurance Industry Building Insurance Agents Insurance Agent 264

Insurance Journal

JUNE 1, 2025

When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commission …

Compensation 363

Compensation Insurance Industry Insurance Insured 363

Insurance Journal

SEPTEMBER 15, 2024

property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping the overall …

Insurance Industry 241

Insurance Industry Underwriter Underwriting Casualty Insurance 241

Insurance Journal

MARCH 6, 2025

tariffs on imports from Canada and Mexico, along with increased tariffs on China, will have a negative effect on the insurance industryparticularly impacting the U.S. Analysts at AM Best warned that the planned imposition of U.S. homeowners’ and auto lines …

Insurance Industry 312

Insurance Industry Insurance Insured Insurer 312

Insurance Journal

JUNE 23, 2025

Watch out, insurance industry. A well-known cybercrime group appears to have shifted focus to insurers. Apparently, recent cybersecurity incidents at Erie Insurance, Philadelphia Insurance Cos., and most recently Aflac are indicative of a trend. The largely decentralized hacking group known …

Insurance Industry 295

Insurance Industry Insurance Insured Insurer 295

Insurance Journal

NOVEMBER 15, 2024

A large majority of carriers intend to increase or maintain staff sizes in the next 12 months, according to Jacobson’s Q3 2024 Insurance Labor Market Study. While the industry continues to add jobs, the employment growth remains relatively modest, according …

Insurance Industry 277

Insurance Industry Insurance Insured Insurer 277

Insurance Journal

APRIL 23, 2025

The Insurance Industry Charitable Foundation, a nonprofit organization dedicated to helping communities and enriching lives, recently announced the establishment of the IICF Minnesota Chapter, part of the IICF Midwest Division. Based in Minneapolis and serving the Twin Cities region, this …

Insurance Industry 195

Insurance Industry Insurance Insured Insurer 195

Insurance Journal

JUNE 10, 2025

The rise of autonomous vehicles will force a reconfiguration of the $400 billion US auto-insurance industry, as accidents caused by human error decrease and costs are slashed, but questions about liability remain, according to Goldman Sachs. “Autonomy has the potential …

Auto Insurance 251

Auto Insurance Liability Insurance Industry Insurance 251

Insurance Journal

JULY 26, 2024

In today’s rapidly evolving digital landscape, customer experience is paramount across all industries, including insurance. While traditionally viewed as a transactional service, insurance companies increasingly recognize the significance of fostering … This post is part of a series sponsored by Dyad.

Insurance Industry 279

Insurance Industry Insurance Companies Insurance Insured 279

Insurance Journal

SEPTEMBER 17, 2024

Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis, who takes a look at the some of …

Insurance Industry 278

Insurance Industry Insurance Insured Insurer 278

Insurance Journal

JULY 2, 2025

Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle this week to look at the insurance industry’s use of AI and to get recommendations on policy development, regulatory oversight and consumer education efforts. The …

Insurance Industry 249

Insurance Industry Insurance Insured Insurer 249

Insurance Journal

FEBRUARY 4, 2025

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …

Underwriter 275

Underwriter Underwriting Insurance Industry Insurance 275

Insurance Journal

APRIL 27, 2025

A late amendment to a phosphate mine bill has set off alarm bells among some in the Florida insurance industry, with concerns that it could cut out the heart of 2022 and 2023 legislative changes that disincentivized excessive claims litigation.

Insurance Industry 277

Insurance Industry Claim Insurance Insured 277

Insurance Journal

NOVEMBER 27, 2024

At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client from a hospital insurance company who brought his team members to the event. The insurer was …

Insurance Industry 272

Insurance Industry Insurance Companies Insurance Insured 272

Property Insurance Coverage Law

SEPTEMBER 13, 2024

He noted a post on this blog, Insurance Fraud Cost Statistics Are a Fraud, and stated the following: An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much … The post Insurance Journal Picks Up on Academic Article Exposing Fraudulent Statistics by Insurance Industry appeared first on (..)

Insurance Industry 203

Insurance Industry Property Insurance Insurance Insured 203

Insurance Journal

OCTOBER 11, 2024

Fitch Ratings expects Hurricane Milton to cause between $30 billion and $50 billion in insured losses to push total industry losses in 2024 above $100 billion for the fifth straight year. The range of losses expected by rating agency Fitch …

Insurance Industry 264

Insurance Industry Insurance Insured Insurer 264

Insurance Journal

OCTOBER 2, 2024

The International Longshoremen’s Association (ILA) went on strike on Tuesday, Oct 1. The strike is expected to affect more than 20 ports along the Eastern Seaboard and Gulf Coast, including the ports of New York and New Jersey, Baltimore and …

Insurance Industry 262

Insurance Industry Insurance Insured Insurer 262

Insurance Journal

JANUARY 9, 2025

Maine Governor Janet Mills along with House and Senate leaders are championing major legislation to strengthen the ability of local communities, homeowners, businesses, and emergency responders to prepare for and withstand future severe storms. The bipartisan legislation, sponsored by Senate …

Insurance Industry 244

Insurance Industry Insurance Insured Insurer 244

Property Insurance Coverage Law

OCTOBER 24, 2024

The recently issued Emergency Rule 69BER24-4 in Florida creates a concerning conflict with Xactimate’s license agreement, highlighting yet another way the insurance industry exercises control over claims adjusting practices.

License 189

License Insurance Industry Property Insurance Claim 189

Property Insurance Coverage Law

MAY 13, 2025

The Senate Subcommittee on Disaster Management will hold a hearing this afternoon titled Examining the Insurance Industrys Claims Practices Following Recent Natural Disasters. Among those testifying is Mike Fiato, Executive Vice President and Chief Claims Officer at Allstate.

Insurance Claim 241

Insurance Claim Claim Property Insurance Insurance Industry 241

Insurance Journal

JUNE 10, 2025

Following the “paradigm-shifting” Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that “wildfire is no longer a seasonal or rural phenomenon,” a new outlook asserts.

Risk 200

Risk Insurance Industry Insurance Insured 200

Property Insurance Coverage Law

OCTOBER 23, 2024

Governor DeSantis’s response to the CBS 60 Minutes exposé on … The post The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry?

Policyholder 214

Policyholder Insurance Industry Insurance Companies Protection 214

Insurance Journal

MARCH 21, 2025

property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …

Insurance Industry 147

Insurance Industry Casualty Insurance Underwriter Underwriting 147

Zywave

MARCH 19, 2025

Benefits of APIs in the Insurance Industry APIs offer numerous benefits to the insurance industry, enhancing efficiency, customer experience, and data management. These unique tools help meet data security and privacy insurance regulatory requirements. To learn more about Zywave APIs, visit [link].

Insurance Industry 52

Insurance Industry Broker-Agent Insurance Insured 52

Property Insurance Coverage Law

MAY 13, 2025

The Senate Subcommittee on Disaster Management will hold a hearing this afternoon titled Examining the Insurance Industrys Claims Practices Following Recent Natural Disasters. Among those testifying is Mike Fiato, Executive Vice President and Chief Claims Officer at Allstate.

Insurance Claim 223

Insurance Claim Claim Property Insurance Insurance Industry 223

Property Insurance Coverage Law

APRIL 4, 2025

Yesterdays testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story thats been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions showing hundreds of millions of hidden profits for the insurance (..)

Insurance 203

Insurance Insured Insurer Property Insurance 203

Majesco

FEBRUARY 27, 2025

Bring your conversation to Majesco and let us show you how we’re helping insurers to rapidly bring new business models and products to market, lower costs, improve productivity, drive real business outcomes, and apply the latest technologies to today’s pressing issues. Contact Majesco today!

Insurance Industry 74

Insurance Industry Insurance Insured Insurer 74

Top Insurance Blogs

APRIL 17, 2025

The insurance industry in Australia, like many others, is undergoing a significant transformation, thanks to artificial intelligence (AI). Over the past few years, weve seen AI evolve from being a futuristic buzzword to a practical tool thats revolutionizing every part of the insurance lifecycle.

Insurance Industry 52

Insurance Industry Insurance Insured Insurer 52

Insurance Journal

FEBRUARY 11, 2025

The Michigan Department of Insurance and Financial Services (DIFS) is highlighting in-demand jobs available to Michiganders in the insurance field as part of Insurance Careers Month. More than 73,000 Michiganders work in the insurance industry, according to a study conducted …

Insurance Industry 147

Insurance Industry Insurance Insured Insurer 147

Insurance Journal

JUNE 9, 2025

Mid-year insurance industry assessments indicate that the ongoing trends of the last six months are likely to persist through the end of the year, even if the conditions in question are defined as unstable or unpredictable. The new USI report, …

Insurance Industry 168

Insurance Industry Insurance Insured Insurer 168

Insurance Journal

FEBRUARY 9, 2025

If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its personal point of contact …

Agents 189

Agents Casualty Insurance Insurance Industry Insurance 189

Insurance Journal

JUNE 16, 2025

India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million. “This aviation insurance claim could be one of …

Insurance Claim 165

Insurance Claim Claim Insurance Industry Insurance 165

Property Insurance Coverage Law

FEBRUARY 14, 2025

The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers.

Claim 211

Claim Policyholder Property Insurance Insurance Claim 211

Property Insurance Coverage Law

MAY 16, 2025

This weeks Senate hearing on the insurance industrys claims practices following natural disasters wasnt just a made-for-TV moment. It was a five-alarm warning siren for policyholders and insurers across the country.

Claim 188

Claim Policyholder Property Insurance Insurance Industry 188

Insurance Journal

JUNE 8, 2025

South Africa’s central bank plans to expand its examination of climate risk to the insurance industry, as it seeks to anticipate threats that can do far-reaching economic harm. “This year we put out our first climate-risk scenario, common stress test, …

Insurance Industry 165

Insurance Industry Risk Insurance Insured 165

Property Insurance Coverage Law

FEBRUARY 14, 2025

The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers.

Claim 187

Claim Policyholder Property Insurance Insurance Claim 187