Daily news and analysis on insurance industry trends, regulations, and market insights
Commercial insurance buyers in North America will likely see further property rate decreases heading into 2027, and while rates for major liability lines will continue to rise, pricing pressures are e
Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlightin
The merger of Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure has been completed, effective Oct. 1, the company announced. Th
People moves, an IPO and significant court rulings were among the most-read items on the Business Insurance website this week. 1. Brown & Brown unit names chief commercial officer 2. Chubb
Lyft will pay $272.5 million to settle allegations it misclassified California drivers as independent contractors. Of the settlement with the California Labor Commissioner’s Office, 87% will go
(Reuters) – Fifteen US states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company’s be
Zurich Insurance Group on Friday named Kristof Terryn CEO of Beazley and Zurich Global Specialty as it completed its $10.9 billion cash acquisition of the London-based specialty insurer. Mr. Te
Thousands of homes and businesses in Southern California have been warned of the potential for power cuts in the coming days as a heat wave boosts wildfire risk throughout the region. With triple-digi
Newswise — E-scooter trauma admissions nearly doubled from 2021 to 2023, and nearly two-thirds of injured riders under 16 sustained major injuries, according to two national analyses. The studies were
Will UK plc get a globally competitive risk transfer tool?
Find out what this year’s best insurance employers are doing differently to attract and satisfy their people
Ships are facing much longer refueling waits at Ningbo Zhoushan Port, China’s top bunkering hub south of Shanghai, as fallout from the U.S.-Iran war tightens supplies and raises prices, gCaptain repor
Fifteen US states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company’s best assets from ten
Wisconsin workers’ compensation rates will decrease by approximately 2% over the coming year, making the 11th straight year the state has seen premiums decline. The rate decrease, which went int
An insurer has no duty to indemnify a construction company over a carpenter’s fatal fall because an employee injury exclusion bars coverage, an Illinois appeals court ruled Wednesday. Ramiro Godinez,
New EBRI and Lincoln Financial research links low supplemental health enrollment to awareness gaps, not product resistance
Mid-America Catastrophe Services' Henry Maley says sharper imagery and wider acceptance have turned drone inspections from a novelty into standard practice
The insurer was winning. Then it accepted a dollar. Now the fees are flipped
AIG promotes its chief actuary to chief risk officer, as Tokio Marine HCC, Parametrix, Neptune and FORTIFIED make senior moves
Deal volume is at its lowest since 2019, and a handful of large acquirers are doing a growing share of the buying
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