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Insurers under a new plan have agreed to write at least 85% of their California market share in high-risk zones.
As it stands, the insurtech has roughly 170,000 home insurance policies in the state.
Professional lines are feeling the impact of social inflation, making it an increasingly difficult segment for insurers.
Sending cancellation messages via text message on the day of renewal reduced cancellations by 52%, insured.io reports.
Insurers that fail to cook up the right recipe for applying data and analytics to their business will find themselves playing catchup.
The court debated whether an underlying suit based on environmental harms committed by a commercial property owner could be considered an "occurrence" that triggered the duties of defense and indemnity.
The CRM is designed for a variety of professions with risk management responsibilities.
Honorees in this category find fresh, inventive ways to address insurer and insured risk. (Part 4 of 5)
Claims Innovation honorees thoroughly understand the impact that a single claim has on policyholder satisfaction. (Part 2 of 5)
Reinsurance allows a primary carrier to pass, or cede, a portion of its liabilities onto another company.