Florida’s surplus-lines homeowners market now looks much closer to the admitted market on price. Recent reports show the cost of an excess and surplus homeowners policy in Florida has moved near ...

Six Louisiana residents have been arrested over an alleged insurance fraud scheme involving fire and water damage claims. The Louisiana Department of Insurance said the case spans nearly a decade. All ...

Colorado lawmakers have passed a plan to lower homeowners insurance premiums by subsidising hail-resistant roofs. Senate Bill 155 cleared the Capitol after a broader insurance relief proposal failed ...

London AI agent platform CodeWords raised €7.6 mn in Seed funding to expand its engineering and go-to-market teams. The round came from Visionaries, which led the investment, with Firstminute Capital, ...

Scottish AI fintech Aveni has launched the Agent Assurance Expert Council, or AAEC, as agentic AI activity picks up across financial services. The council held its first meeting in Edinburgh on ...

The Connecticut Supreme Court ruled that when a driver’s auto policy extends bodily injury coverage to a rental car, uninsured motorist coverage must also apply to injured passengers in that vehicle, ...

Jones Day said hackers breached the firm and accessed files tied to 10 clients. The cybercrime group Silent claimed responsibility and listed Jones Day on its extortion site. The group has built a ...

Farmers Insurance plans to expand its agency force over the next year and expects to appoint nearly 1,700 new agency owners. The company said this would rank among the largest one-year expansions in ...

Lloyd’s of London will keep providing cover for vessels moving through the Strait of Hormuz, even as shipowners pull back from the area. Patrick Tiernan, the Lloyd’s market chief executive, said ...

QBE has partnered with insurtech Aurora to launch a fully automated lead algorithmic underwriting capability for complex specialty risks, with the system now live in its Yacht Protection & Indemnity ...

Arkadia Space, a SpaceTech startup based in Castellon, secured €14.5 mn after selection by the European Innovation Council Accelerator. The package includes a €2.5 mn grant, €6 mn in equity from the ...

A husband and wife from New Bedford pleaded guilty in federal court on March 25 after admitting to a scheme that defrauded clients seeking insurance through their firm, BL Insurance Brokerage. Brendan ...