Insurance
Insurance industry news, policies, regulation and risk.
235 articles
Four Insurers to Pay $73M Sandy Hook Settlement in Landmark Gunmaker Liability Case
A U.S. bankruptcy court has ordered Ironshore, James River, Chubb and Swiss Re to pay $73 million to Sandy Hook families...
AIPSO Names State Farm Vet Les Willis CEO; Canopius Taps HSBC’s Alioto as COO; Pet Insurer Doubtless Expands North American Leadership
Key executive moves signal operational and growth strategies at the residual market’s central organization, a global (re...
Home Insurance Claim Severity Hits All-Time High While Frequency Falls
U.S. homeowners insurance claim severity jumped 25.9% in 2025 to a record, even as claims frequency declined. Fire and l...
KCC: 2026 Severe Convective Storm Losses to Fall Below Average, but Midwest Insurers Still Face Outsize Claims
Risk modeler KCC says a high-pressure system over the Southeast suppressed spring storms, pushing 2026 SCS losses below ...
AXA Warns AI Cannot Replace Human Care as UK Mental Health Crisis Deepens
Nearly half of Britons turn to AI for mental health support, but one in four report harmful outcomes, prompting the insu...
Acrisure UK Taps Lou Brown to Lead New Risk Management Advisory Arm
As claims costs climb, the broker launches a dedicated division to cut clients’ total cost of risk through advisory serv...
Allianz UK Sharpens Battery Storage Underwriting as Broker Demand Surges
The insurer's new tailored proposition tackles a 10GW+ market where specialist cover remains scarce, as faster planning ...
QuestGates Acquires Howell Wild to Bolster Liability Adjusting Amid Sector Talent Crunch
The deal adds specialist liability expertise as UK insurers report acute recruitment pressures in claims and adjusting, ...
Climate X Debuts Global Wildfire Model for Asset-Level Risk Decisions
Climate X launches a probabilistic wildfire model covering 93% of global GDP, giving insurers and asset managers high-re...
Apollo Recruits Ex-Hiscox Product Recall Head David Burke to Drive Specialist Line
Specialty insurer Apollo has appointed David Burke, former Hiscox product recall unit head, to lead its own recall under...
Global Mutual Insurance Premiums Hit Record $1.61 Trillion in 2024, ICMIF Says
Mutual and cooperative insurers posted $1.61 trillion in premiums in 2024, holding a 26.1% global market share, accordin...
Mapfre to Acquire Safety Insurance for $1.54bn, Sealing Northeast Dominance
Spanish insurer Mapfre strikes a $1.54bn all-cash deal for Massachusetts-based Safety Insurance, creating the largest ho...
U.S. Home Insurance Claims Severity Hits All-Time High in 2025, Despite Falling Frequency
All-peril severity surged 25.9% to a record, with fire and lightning events driving costs, while claim frequency dropped...
Ageas UK CEO Ant Middle Details Job Cut Rationale After Esure and Saga Deals
Ageas UK’s integration of recently acquired Esure and the Saga underwriting business triggers job reductions as the insu...
Law Firms Harness Education to Combat Surging UK Ghost Broker Fraud
As ghost broking in UK motor insurance jumps 50%, Carpenters Group, Kennedys and the City of London Police are betting o...
State Farm’s Hail Claims Soar to $5.6B in 2025 as Texas Payouts Surge 27%
The insurer’s national hail claims bill jumped 12%, with Texas alone at $1.4 billion, while scrutiny over its roof claim...
HSBC Agrees to Sell Singapore Life Insurance Unit to Allianz for SG$2.7B
HSBC will sell its Singapore life and health insurance business to Allianz for SG$2.7 billion, booking a $1.8 billion pr...
New Lloyd's Clause Could Strip Cover From Tankers That Pay Iran Tolls
A model clause from Lloyd's Market Association lets marine insurers cancel war risk cover if a vessel pays for safe pass...
AI Could Break Insurance's Two-Decade Growth Stalemate, McKinsey Says
McKinsey & Company argues artificial intelligence can reshape insurance distribution, underwriting and productivity in w...
Chubb Tempest Re and Kemper Name New P&C Leaders
Chubb Tempest Re installs Michael O'Donnell as president while Kemper hires former Bristol West chief Eric Kappler to le...
SCOR Names Laurent Sabatié to Head Natural Catastrophe Risks, Bolstering Climate Modelling Push
SCOR taps Skyline Partners co-founder Laurent Sabatié to lead its natural catastrophe risk division, signalling a deepen...
Lloyd's and The Hartford Outline the Next Chapter for Insurtech: Prevention, Precision, and Practical Adoption
Top leaders at Lloyd's and The Hartford say the next wave of insurance technology will move carriers from simply coverin...
Mills Review Sparks Debate: Can AI-Driven Pricing Undermine Insurance Risk Pooling?
The FCA-commissioned Mills Review warns that hyper-personalised pricing could erode cross-subsidisation, but industry ex...
Liberty Mutual Turns 'Liberty Biberty' Malapropism into Full-Fledged Brand Mascot
The insurer is hoping a new character—spun off a long-running tagline—can break through a crowded humor-driven ad field ...
Kin Survey Reveals Homeownership Unaffordability Crisis as Insurance Costs Soar
45% of U.S. homeowners struggle to find affordable insurance, fueling housing market concerns and signaling a pivotal sh...