St. Louis Waives 25% Holdback Rule for Property Claims From May 16 Tornado St. Louis Mayor Cara Spencer signed an executive order to waive a 25% holdback of insurance payouts for property damage... Read More
Applied Intuition Valued at $15 Billion for Autonomous Vehicle Tech Applied Intuition raised $600 million in a funding round and tender offer that valued the automotive software supplier at $15... Read More
Louisiana Governor Vetoes Bill Limiting Bad Faith Lawsuits Against Insurers Louisiana Governor Jeff Landry vetoed a bill last week that would have limited bad faith lawsuits against insurers, a move... Read More
Erie Insurance Facing 2 Class Actions Claiming Data Breach Not one but two class action lawsuits have been filed against Erie Insurance even as the insurer continues to investigate... Read More
Flash Flooding Kills 5 in West Virginia Flash flooding caused by torrential rains killed five people in northern West Virginia and rescue crews were searching for three... Read More
A Shrinking FEMA Puts Lake Town’s Rebuilding Plans in Limbo When Hurricane Helene’s flood waters slammed into Lake Lure’s century-old dam last September, gouging a massive scar into one embankment... Read More
How Big Batteries Could Prevent Summer Power Blackouts In any other year, May 14 may well have been an energy disaster in Texas. Temperatures climbed to seasonal levels... Read More
Futurizing Claims Pie Insurance’s Tech-Driven Approach Led to Early Adoption of AI in Claims It makes sense that Pie Insurance, which arose amid the explosion insurtechs and fintechs in the businessworld, is embracing the... Read More
Top Boeing Exec Pope Visits Air India HQ to Discuss Plane Crash, Sources Say The head of Boeing Commercial Airplanes, Stephanie Pope, met the chairman of Air India on Monday in India, two sources... Read More
Editor's Picks California vs. Florida: A Tale of Two Insurance Markets Until recently, homeowners insurers weren’t allowed to use catastrophe models to justify needed rate increases, or to include the cost... Read More