How Agentic AI Is Transforming Insurance and Financial Services with Next Best Action Technology
Agentic AI is reshaping insurance and financial services by empowering digital coworkers to drive timely, compliant, and actionable decisions at scale.
April 18
Property
Risk Management
Technology
California
Homeowners Crowdsource Toxic Smoke Data After Eaton Fire Insurance Disputes
After insurers refused to pay for contamination testing, Eaton Fire survivors shared private test results online, exposing widespread toxic exposure and coverage gaps.
April 18
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
Five People Face Felony Charges in $1.4 Million California Life Insurance Fraud Scheme
California officials charged five defendants, including former insurance agents, in a life insurance fraud scheme involving fake policies and stolen commissions totaling over $1.4 million.
April 15
Fraud
Insurance Industry
Life & Health
Litigation
California
Why Climate Resilience Requires Both Parametric and Traditional Insurance Solutions
As billion-dollar weather disasters escalate, combining parametric and traditional insurance offers a faster, more adaptive recovery solution for policyholders across the U.S.
April 15
Catastrophe
Insurance Industry
Property
Technology
California
Florida
Louisiana
Mississippi
States Move to Regulate Third-Party Litigation Funding Amid Transparency Concerns
States across the U.S. are advancing bills to increase transparency in third-party litigation funding as concerns grow over rising insurance costs and legal system abuse.
April 14
Insurance Industry
Legislation & Regulation
Litigation
Risk Management
Arizona
California
Georgia
Kansas
Massachusetts
California Insurance Market Struggles with Rising Risks and Regulatory Limits
Despite regulatory efforts to improve conditions, California’s insurance market continues to face challenges from increasing catastrophe risk, outdated pricing rules, and growing FAIR plan reliance.
April 11
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
California Wildfires Push Insured Losses Past $30 Billion in Costliest Disaster Yet
Insured losses from January’s Southern California wildfires are now projected to exceed $30 billion, with insurers facing wide-ranging impacts based on exposure and reinsurance strategies.
April 8
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
California Raises FAIR Plan Coverage Limits to Address Insurance Gaps in Wildfire Zones
California has more than doubled commercial coverage limits under its FAIR Plan, offering relief to property owners amid insurer withdrawals and increasing wildfire threats.
March 31
Catastrophe
Insurance Industry
Legislation & Regulation
Property
California
State Farm Defeats Class Action Claim Over Xactimate Estimates in Pennsylvania
A Pennsylvania federal judge ruled that State Farm did not breach policy terms or act in bad faith by using its preferred loss estimation method, dismissing the homeowners’ lawsuit.
March 27
Insurance Industry
Litigation
Property
Technology
California
Indiana
Pennsylvania
Segway E-Scooter Recall: Folding Mechanism Hazard Risks Rider Injury
A major recall of Segway e-scooters due to a faulty folding mechanism poses significant injury risks to riders. Learn how this impacts potential liability and claims.
March 25
Insurance Industry
Liability
Risk Management
Salvage
California
How Lithium-Ion Batteries Amplify Risk During Natural Disasters
Lithium-ion batteries pose increasing fire and environmental risks during natural disasters, prompting insurers, governments, and consumers to rethink safety and response strategies.
March 24
Catastrophe
Property
Risk Management
Technology
California
Florida
Construction Industry Faces Rising Insurance Risks Amid Data Center Boom and Labor Shortages
Global demand for data centers is driving construction growth, but rising costs, labor shortages, and climate risks are reshaping insurance pricing and underwriting strategies.
March 24
Catastrophe
Property
Risk Management
Technology
California
Safelite Reaches $31 Million Settlement in Insurance Fraud Lawsuit
Safelite and a former employee reached a $31 million settlement in lawsuits alleging the company engaged in fraudulent billing practices for auto glass repairs and cleaning services.
March 11
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Illinois
Key Barriers to Closing the Insurance Protection Gap Identified in Industry Poll
A recent poll highlights the biggest obstacles to addressing the global insurance protection gap, with conflicting priorities, data gaps, and regulatory issues emerging as major challenges.
March 7
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Insurers Pay Nearly $7 Billion for Los Angeles County Wildfire Claims
Over 33,000 insurance claims have been filed following the Los Angeles County wildfires, with insurers paying $6.9 billion to date. California’s insurance commissioner has issued orders to expedite claim payments and prevent policy cancellations.
March 7
Catastrophe
Legislation & Regulation
Property
Risk Management
California
