News

As a result of the record storm surge, flooding extended well beyond FEMA’s designated Special Flood Hazard Areas into territories where purchasing flood insurance is not mandatory.

During the 2018 Applied Net conference, Applied Systems announced a nine-figure minority investment from CapitalG, the growth equity investment fund of Google parent company Alphabet, Inc., aimed at supporting digital innovation in the insurance industry.

Recently, Travelers announced a new collaboration with Amazon to create the insurance industry’s first digital storefront, offering smart home kits and homeowners insurance at discounted prices.

Reflecting little change from the second quarter of 2018, third-quarter composite rates for commercial and personal lines were up +2.5% and +2%, respectively.

Yesterday, Congress passed the Disaster Recovery Reform Act, a new law aimed at improving America’s approach to disaster resilience.

The Farm Bill expired on Sunday, Sept. 30, leaving several agricultural, environmental and nutrition programs and initiatives in limbo.

This week, the Big “I” submitted a comment letter to the Department of Treasury and the Internal Revenue Service in support of a draft regulation issued earlier this year. Meanwhile, the IRS also issued transitional guidance about the 2017 tax law.

At press time, the U.S. House of Representatives is scheduled to vote this week on “tax reform 2.0” legislation. The package is expected to pass on a mostly partisan basis.

Last year, President Trump signed into law the widest-ranging tax reform legislation in decades. Learn more about how the new federal tax laws and regulations will impact your business during a free webinar hosted by the Big “I.”

Six of the 10 largest wildfires in California’s history occurred in the past decade, and nine of those 10 happened this century. The effect on the Golden State’s homeowners insurance market has been nothing short of cataclysmic.