Content from Chad Hemenway
Industry Reacts to Senators’ Letter for Claims Data and Recent Reports
Senators Elizabeth Warren and Josh Hawley are on the wrong track and misunderstand the influences that can affect claims, the industry said. The senators have sent letters to some of the largest ...
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years
U.S. homeowners multiperil insurers reversed a $1.3 billion underwriting loss in 2024 to post an underwriting profit of $16.5 billion in 2025 – the line's first underwriting gain since 2019, said ...
Full Senate Passes Measure to Reauthorize Federal Terrorism Insurance Backstop
The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program ...
AM Best: US Mutual Insurers Doubled Net Income in 2025
Total net income for U.S. property/casualty mutual insurers doubled compared to 2024 to about $42.6 billion in 2025 as underwriting income surged to about $14.8 billion from a loss of $7.2 billion in ...
Cyber Threats the Top Business Concern as AI Heightens Risk: Travelers Risk Index
The rapid growth and lack of governance or regulation in the use of artificial intelligence has once again made cyber threats the top concern among businesses. According to the latest Risk Index from ...
Humans Still Matter to Insurance Consumers, Says Big ‘I’ Survey
There is some good news, according to the Independent Insurance Agents & Brokers of America, as the use of artificial intelligence proliferates across the industry: People still prefer people. A ...
AIG’s Hancock to Retire as Head of General Insurance
Jon Hancock, CEO of General Insurance at American International Group (AIG), will retire at the end of the year. The announcement is the newest change for AIG's C-suite, which experienced several ...
Senate Committee Sends TRIA Reauthorization to the Floor
Federal legislation to extend the Terrorism Risk Insurance Act will head to the full Senate after unanimously getting a nod from the Senate Banking Committee. The committee on Sept. 17 voted 24-0 to ...