Global insurance trends

California Takes Action Against Mercury Insurance

Some interesting news from California; Insurance Commissioner Ricardo Lara announced a major legal action against Mercury Insurance for violating consumer protection laws, including by selling Mercury’s highest-priced policy to “good drivers” instead of the lowest-priced […]

Global insurance trends

US News: Kin Upgrades Reinsurance Program

US based Kin Insurance recently announced that the Kin Interinsurance Network, its reciprocal insurance carrier, has finalized its reinsurance program for the period of June 1, 2022 through May 31, 2023. Kin’s upgraded reinsurance program […]

InsureTech

Slide Insurance Funding Round is Over-Subscribed

Slide, a full-stack homeowners insurtech, announced the close of its oversubscribed $100 million Series A funding round. Slide’s technology leverages an immense dataset to power new advances in artificial intelligence and machine learning for modern […]

Global insurance trends

US Market: Hippo Launches Inspection Protection

Hippo has announced the launch of Inspection Protection. The product offers a first-of-its-kind protection plan for homebuyers, providing coverage for repairs to qualifying structural systems for issues missed by an inspector during a home inspection. […]

Global insurance trends

Deals: Porch Acquires Homeowners America & V12

Porch Group, Inc., a leading vertical software company reinventing the home services industry, has announced four strategic acquisitions that strengthen the Company’s rapidly expanding platform for home service companies and homeowners. Homeowners of America (HOA) […]

Household Insurance

UK Home Contents Worth £43,000, Generally Under-Insured

Quarterly Home Index data from Quotezone.co.uk showed the average value of home contents in the UK is an eye-watering £43,040 – yet 38% of households do not take out accidental contents damage. South East England was […]

InsureTech

StreamLoan and Progressive Team Up On Digital Mortgage Offer

Working with mobile-first digital mortgage software company StreamLoan, Progressive is able to meet homebuyers in the digital mortgage process and use information they’ve already entered to serve up homeowners’ insurance quotes with only one click. […]

Flood Insurance

Storms Ahead? Be Ready For Flash Floods, Says Ecclesiastical

With heavy rain expected to hit the country this weekend, specialist insurer, Ecclesiastical is advising people to prepare for flash flooding. Following a lengthy spell of hot weather, thunderstorms have swept across the UK causing […]