Browsing: trends

Moody’s Ratings forecasts that recent wildfires in Los Angeles will exacerbate existing challenges in California’s property insurance market, potentially increasing costs and straining the FAIR Plan.

Industry leaders at OneAmerica Financial anticipate that flexibility, simplicity, and technology will define the long-term care market in the coming years.

Munich Re announced its acquisition of Next Insurance, a move that will integrate the insurtech company into Munich Re’s primary insurance business, Ergo. The deal, valued at $2.6 billion, signifies a strategic expansion for Munich Re in the small business insurance market.

A recent report from LexisNexis highlights the challenges auto insurers face due to persistent risky driving behaviors, the rise of electric vehicles, and increased consumer rate shopping.