Category: Latest Insurance News Articles

The latest headlines, on all lines of insurance, will be updated and listed here.

Mercury Insurance shares home water conservation tips

Logan B.
Mercury Insurance - Water Saving Tips
Consumers shopping around for bette...
➡️ WATCH TOP INSURANCE NEWS STORIES IN: ENGLISH & SPANISH

As consumers tighten their belts due to inflation, insurers are seeking to provide ways to save. While some insurers are working on creating plans and quote strategies to help consumers to find deals and discounts where they can, Mercury Insurance is also sharing tips for savings in other areas. The insurer recently released tips to help consumers to save money and water at the same time. There are many places around the home where water can be saved. This is both an environmentally conscious step that homeowners and renters can…

Read More

State Farm rolls out insurance plan strategy for more personalized quotes

Nordstrom
Insurance Plan - Online Insurance Quote

The insurer lets consumers use a spectrum of options for the purpose of covering individual needs. State Farm recently launched an advertising campaign for its new Personal Price Plan insurance plan strategy aimed at covering customers at a price specific to their coverage needs. The idea is that the consumer can obtain a personalized quote for precisely what they need covered. The campaign focuses on a range of different scenarios demonstrating how customers have options to control the price of their insurance plan based on their specific needs. The latest…

Read More

Low flood insurance coverage worrying as climate crisis advances

G. Turner
Flood insurance - Flooded Road Sign

As losses from flooding skyrocket from one year to the next, uninsured rates are setting up for disaster. Low levels of flood insurance are occurring at a time during which the risk and cost of damage are taking off due to more frequent and more severe events caused by climate change. From 2011 through 2020, insured flooding losses doubled to $80B worldwide compared to the decade before. That said, flood insurance penetration is still sitting at a worrying 18 percent, according to the recent economic insights report focused on flooding…

Read More

Fast-Growing Gradient AI Announces Continued Momentum Built on its AI Solutions that Transform Insurance Claims and Underwriting

Company Growth Story
Insurance Claims

– Revenue Grows More Than 100% in First Two Quarters – Doubles Global Staffing, Selected by over 30 New Customers Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced at InsureTech Connect Vegas its Q1 and Q2 highlights and continued momentum for 2023 and beyond.  During this time, the company increased revenue by more than 100% and added over 30 new customers. “Gradient AI is in rapid-growth mode and well-positioned to continue on this path well into 2023,” said Stan Smith, founder and…

Read More

More asset managers addressing insurers investment needs

PR Article
asset managers data analysis

CAMRADATA, a leading provider of asset manager research, due diligence, investment data and analysis for institutional investors has just published their US Insurance Asset Manager 2022 Directory, the #1 source of insurance asset management data. This year, CAMRADATA’s US Insurance Asset Manager Directory 2022 concentrates on those asset managers who are currently managing portfolios on behalf of global insurance companies, including US insurers, as provided via CAMRADATA’s online manager research platform, CAMRADATA Live. With over 115 asset managers listed, the US Insurance Asset Manager Directory 2022 is the largest and…

Read More

Most Americans think US healthcare could be better handled

H. Cutner
US healthcare - American Flag - Medical

According to a poll, this sentiment is particularly strong when it comes to care for older adults. Less than half of Americans feel that the US healthcare system is being handled well, according to the results of a new poll conducted by The Associated Press-NORC Center for Public Affairs Research. Less than half of the survey participants said they felt that they were satisfied with the way it is managed. Among the survey respondents, only a tiny 12 percent said that they felt US healthcare was handled very well or…

Read More

7 percent of Illinois residents are without health insurance

Marc
Health insurance - Illinois Sign

New US census data shows that state uninsured rates climbed just slightly between 2020 and 2021. Last year in Illinois, 7 percent of residents were without health insurance coverage, according to recently released data from the US Census. This number represents about 875,000 people across the state who don’t have medical coverage. When compared to 2020, this represented a slight increase in the number of people who didn’t have health insurance. That year, the uninsured rate in the state was about 6.8 percent. That said, the margin of error this…

Read More