Digital risk processing platform Cytora has teamed up with property data specialist Smarty to enhance property risk evaluation for insurers.

The Home Office has announced a public consultation seeking views on three proposals aimed at blocking some of the key business models utilised by ransomware criminals.

US insurer Mercury General Corporation has so far paid out US$80m (£65m) to policyholders affected by the recent wildfires in Los Angeles, mostly for living expenses and housing contents, but is yet to determine whether the fires are classified as a single event.

Payouts relating to property damage in 2024 are expected hit their highest level in 17 years, according to UK insurance sector analysis by Deloitte.

The Insurance Fraud Bureau is to combine its counter-fraud databases into a single platform which it says will enable members to make faster and more informed decisions on suspected fraud cases.

Miller has expanded its Asia presence with the launch of Miller Korea. The new division will be led by David Kim as head of Korea. Over the past 25 years, Kim has served in a range of leadership positions across the insurance sector, including as CEO of Marsh Korea. Prior to this, he worked for ten years in the investment industry, including at Morgan Stanley in Japan.