ECONOMIC LOSS SINCE THE JANUARY FIRES, AND STATE FARM IS ASNG THE STATE OF CALIFORNIA IF IT CAN TEMPORARILY, TEMPORARILY RAISE ITS HOMEOWNER INSURANCE RATES BY 22%. THE COMPANY SAYS IT NEEDS THE RATE INCREASE BECAUSE CLAIMS FOR THE LOS ANGELES WILDFIRES ARE...
Embedded insurance is transforming the life insurance industry, projected to grow by 600% over the next decade. Initially gaining traction in P&C insurance, embedded distribution is now expanding into life insurance through business-to-business-to-consumer and affinity models. Digital integration and APIs enable insurers to...
"Climate change continues to drive sea-level increases and make weather more extreme," said ValuePenguin home insurance expert Divya Sangameshwar."As a result, flood-prone areas around the country are expected to grow by nearly half in just this century,” she added. “Two years of back-to-back...
