Insurance firm Safepoint, backers seek $283.3M in IPO
Safepoint Holdings Inc and some of its backers are seeking to raise as much as $283.3 million in an initial public offering.
Safepoint Holdings Inc and some of its backers are seeking to raise as much as $283.3 million in an initial public offering.
Insurance claims dropped in 2025, but covered loss amounts didn’t follow, largely due to the severity of the Southern California wildfires, Rate reported.
The many people vying to be California’s next insurance commissioner discuss concerns about insurers’ scaling up their use of AI, how policyholders could benefit, AI-fueled insurance fraud, aerial imagery applications and coverage of autonomous vehicles.
Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from the country’s Ministry of Economy and Financial Affairs.
Customer satisfaction with insurer websites and apps dropped in 2026, according to JD Power research.
Geico plans to add 1,500 new jobs with the opening of its three-building, 190,000-square-foot campus
Reputation events are currently managed reactively by communications teams reporting using tools built for brand storytelling.
AI technology detects risky behaviors from data gathered by telematics devices.
Alongside a bill that gives homeowners a year of forbearance after state-declared emergencies, lawmakers will consider extending wildfire-related moratoriums.
Experts on insurance information and actuarial modeling say AV risk assessments have to be made with incomplete data, making it more difficult to price coverage accurately.