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INSURANCE NEWS
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier
A venture-backed technology firm says it has built what it describes as the first U.S. insurance carrier designed to operate without human decision-making in its core functions, replacing traditional underwriting, agent interaction and claims adjudication with a unified artificial intelligence …
NAIC Issues Nationwide Data Call to Homeowners Insurers
The National Association of Insurance Commissioners has issued a nationwide data call to insurers in order to get a better understand of the U.S. homeowners insurance markets. The data, intended to be collected at the ZIP code level, will help …
US IPO Prospects in Limbo as War Dents Optimism Ahead of SpaceX
The companies that typically make up the backbone of the US initial public offering market are eyeing the Iran war for signs volatility could boil over and wreck their plans. For banks, there’s a ray of hope — that SpaceX’s …
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents
Boating accidents in crowded Biscayne Bay near Miami have claimed the lives of two Floridians, including a Miami insurance agency customer representative and the CEO of a medical conference services firm. Multiple news sources reported that Davide Veglia, 55, of …
Tallahassee Hospital Drops Eviction Suit After Patient Finally Moves Out
A Florida hospital has dropped its lawsuit seeking to evict a patient who refused to vacate a room for months after she was discharged because, the hospital said, she finally left. Tallahassee Memorial Hospital filed the lawsuit this month requesting …
Viewpoint: California’s Surplus Lines HO Market’s New Phase Driven by Access, Not Wildfire Risk
It’s been more than two years since I wrote an analysis based on Surplus Line Association of California insight and data for an Insurance Journal article forecasting that the state’s homeowners insurance market was entering a structural transition driven primarily …
FAA Imposes Restrictions on Some Landings at San Francisco Airport
The Federal Aviation Administration said on Tuesday that it was imposing new safety restrictions at San Francisco International Airport that will limit some landings and lead to significant delays. The FAA said the airport will experience delays due to a …
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force
Farmers Insurance has announced a plan to grow its agency force over the next year, and expects to appoint nearly 1,700 new agency owners—one of the largest single-year expansions in Farmers’ history. The recruitment drive is aimed at fueling organic …
5 Killed in Train-Van Collision in Mississippi
Five people were killed when a train and van collided in rural Mississippi, near Wiggins, authorities said. All five killed were in the van, Stone County Coroner Wayne Flurry said. The lone surviving van passenger, a 23-year-old woman, was flown …
US Appeals Court Upholds Decision to Dismiss Boeing Criminal Case
A U.S. appeals court on Tuesday upheld a ruling by a lower court to approve the Justice Department decision to dismiss a criminal case against Boeing, which allowed the planemaker to avoid prosecution on a charge stemming from two fatal …
Axios Software Tool Used by Millions Compromised in Hack
Axios, a tool widely used to develop software applications, was compromised overnight, introducing a vulnerability in a key part of the internet’s plumbing. An unknown hacker was able to breach one of the few accounts that can release new versions …
Florida’s Hatcher Insurance Group Acquires Benefits Firm, Moves to New HQ
Orlando-based Hatcher Insurance Group, part of Unison Risk Advisors for almost a year, has expanded its employee benefits practice with the acquisition of Level 3 Benefit Advisors. The Level 3 firm, founded in 2021, is based in Winter Park. Founder …