Growth in U.S. Healthcare Spending Slowed in 2016: CMS December 7, 2017 In 2016, overall growth in national spending on healthcare slowed in 2016, increasing 4.3 percent following 5.8 percent growth in...
House Flattened, Others Damaged in Maryland Explosion December 7, 2017 A house was flattened and others were damaged when a fire and explosion rocked the structure in a Baltimore suburb....
New York’s The Iroquois Group Announces Regional Realignment December 7, 2017 The Iroquois Group, an Allegany, N.Y.-based service provider for independent property and casualty insurance agencies, has announced changes to its...
NAIC Honors 3 for Leadership in State Insurance Regulation December 7, 2017 The National Association of Insurance Commissioners (NAIC) recognized three state regulators for their contributions to state-based insurance regulation during the...
AIR Worldwide Updates Hurricane Maria Loss Estimate December 7, 2017 Catastrophe modeling firm AIR Worldwide has updated its loss estimates for Hurricane Maria, reporting that insured losses in the Caribbean...
Florida Approves 6.6% Statewide Homeowners Rate Increase for Citizens December 7, 2017 The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates...
Technology, Regulation Prove Double-Edged Swords in Product Recall Risk December 6, 2017 Exploding Samsung phones, error-prone Takata airbags, faulty GM vehicle ignition switches, failing Johnson & Johnson hip implants — multi-billion dollar...
Artificial Intelligence Startup Cytora Raises $5.9M from QBE, Starr, Other Investors December 6, 2017 Artificial intelligence startup Cytora has raised $5.9 million in new financing from investors including divisions of QBE’s venture capital arm...
Insurtech MGA Wrisk Gets UK Regulatory Authorization December 6, 2017 On the heels of its recent successful crowdfunding raise, the app-based insurtech managing general agent Wrisk has made another major...
Maine’s Lynam Insurance Agency Hires Jagger December 6, 2017 Lynam Insurance Agency, a full-service, independent insurance agency based in Bar Harbor, Maine, has hired John Jagger as an insurance...