Insurance technology news from Coalition, Farmers Insurance, Acrisure and more. (Credit: ESB Professional/Shutterstock)

Farmers Insurance selected‘s wildfire risk scoring model into its homeowners insurance underwriting processes, which will selectively expand opportunities for coverage for California residences located in certain wildfire-risk areas. In conjunction with this approval, Farmers  will be introducing an innovative approach to help manage its statewide exposure by assessing individual wildfire risks to homes on a more granular basis, while evaluating its overall wildfire risk exposure in various parts of the state.

Acrisure launched a cyber risk division in collaboration with Kovrr. The new division will be led by cyber practice leader, Tom Quy, and will offer the market a fresh perspective on cyber reinsurance by coupling the extensive knowledge base of its trusted brokers with its world-class analytics team to provide solutions that will mitigate its clients’ exposure to cyber risk.

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