The 8.5 percent rise in the Consumer Price Index in July is good news for consumers and policymakers, but high prices for food and rent pose a challenge for President Biden.
Insurtech Lemonade said it booked a second-quarter net loss of $67.9 million compared with a net loss of $55.6 million during the same quarter last year.
Rising inflation has produced an uptick in insurer loss costs, demonstrated most clearly by the price tag for commercial building materials and commercial automobile and truck parts.
"We estimate that is now a $70 billion market", says William Pitt. Technology investment, new capital through fronting companies, and talent migration are driving growth.
Weston Property & Casualty Insurance Co. is insolvent and should be placed into receivership, making it the fifth FL property insurer this year to be dissolved.
The California Department of Conservation has dated California’s earthquake legacy back to January of 1700, when an estimated 9.0-magnitude offshore earthquake rocked California, Oregon, Washington and southern British Columbia.
Two-thirds of small businesses use insurance agents to buy insurance for their enterprises, but those buying insurance online report higher satisfaction with the buying process, according to a new survey report.
The average underwriter spends 40% of their time on administrative tasks, 30% on negotiation and sales support and only 30% on actual underwriting - why?
California’s largest wildfire so far this year has so far burned more than 60,000 acres, but it is now 60% contained. The McKinney Fire broke out on July
“We are getting to a point of exhaustion for the firefighters,” French Interior Minister Gérald Darmanin told reporters during a visit to the fire-battered department of Aveyron.