The wind-driven wildfires have caused substantial damage, with losses expected to exceed Mercury’s $150 million reinsurance retention.

Sureti is no stranger to Checkbook, having utilized its digital endorsement technology to simplify multi-party payments.

Lower plans to integrate Neat’s software into LowerOS, its cloud-based mortgage platform.

Valon is a residential mortgage servicer.

If approved, these changes are expected to take effect on April 16, 2025, for new business and May 16, 2025, for renewals.

The insurer aims to consolidate its telematics-based offerings under USAA's "Usage-Based Program."

Loop's direct-to-consumer channel is down.

Guidewire signed a global framework agreement with Zurich Insurance Group.

The AssuredPartners brand will be discontinued.

Evercore served as financial advisor, with legal counsel from Willkie Farr & Gallagher and Norton Rose Fulbright.

This decline was expected following iptiQ CEO Rob Burr’s announcement in 2023 to place iptiQ’s Americas carrier business into run-off.

A quick rundown of the biggest stories, small changes, and other fun insurance stuff.

And Tesla is currently hiring Insurance Service Representatives in Nevada, Texas, and Utah... 🎉

The company operates at the intersection of climate, energy, and risk management.