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This week's update includes insurance industry news from Orion180, Risk Strategies, Howden Re and more.
While cyber claims are on the rise, ransomware payments declined over the last two years.
Homeowners in the state will see another insurance rate increase in June 2026.
Restrictions include limited industry options, a less diverse customer base and difficulty attracting and keeping top talent.
The benefits of implementing digital capabilities to better manage catastrophe risk go beyond lower loss ratios.
AM Best: Tort reform drove underwriting gains for personal property insurers in 2024.
The insurer announced the launch of its new initiative to counter struggles holding many back from homeownership.
Large Midwestern cities saw the most rental activity during the year's first quarter.
Several House Bills were signed into law by the governor as part of an insurance reform effort.
Insurers argue the suit is a 'money grab' contrived to extract a payout for paintings the insured can't prove were damaged.