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Propelling this legislation forward were filings in 2022 by Allstate, which increased rates by 40% during that calendar year.

The average payment for a Hurricane Ian-related claim was more than $104,000, according to FEMA.

The plaintiff received 12 times the policy limit of the defendant's insurance coverage.

A provincial state of emergency was declared May 6, as over 100 fires actively burned in Alberta, Canada.

Gallagher Re reports that P&C insurtech funding drove the quarterly investment increase, as it surged by more than 53%.

Insurance technology news from Openly, Carpe Data, Sunlight Solution and more.