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Amid climate crisis, insurers’ increased use of AI raises concern for policyholders

This article was produced by Capital & Main. It is published here with permission. William May’s home in Pacific Palisades was destroyed in the L.A. wildfires in January 2025. He’s still haunted by the memory of the “fireball burning everything in its path” on that...

Farmers Branch-Based Risk Theory Acquires New York’s Roundhill Express » Dallas Innovates

Specialty insurance platform Risk Theory has completed its acquisition of Roundhill Express, a specialized managing general agent (MGA) that...

State Farm’s California Homeowners Rate Request: It’s Settled — Almost

The long back-and-forth struggle between State Farm General Insurance Company, the California Department of Insurance and Consumer Watchdog is winding down, with the parties agreeing that an emergency 17% homeowners insurance rate hike will stand. That 17% increase, and increases...

Kupuna warned to get help for life insurance purchases

HONOLULU (HawaiiNewsNow) - The family of an 85-year-old Big Island man is seeking a refund after he unknowingly purchased a $5,000 life insurance policy that cost him about $1,000 a year.Arthur Russell said he responded to a mailing and completed the entire transaction...

U.S. DFC to reinsure maritime losses in the Gulf of up to $20bn on a rolling basis

The United States (U.S.) International Development Finance Corporation (DFC) and the U.S. Treasury have unveiled a plan to deploy Maritime reinsurance, including war risk, in the Gulf region, which has been approved by President Trump. This new agreement was announced by Ben Black, Chief...

Morgan Stanley Raises The Travelers Companies, Inc. (TRV) Target on Underwriting Strength – Insurance News

The Travelers Companies, Inc. (NYSE:TRV) is among the 10 Best Affordable Stocks to Invest In for the Long Term. On February 26, Morgan Stanley raised the firm’s price target on The Travelers Companies, Inc. (NYSE:TRV) to $310 from $295 and maintained an Equal...