Content from Chad Hemenway
Q2 Net Income at Travelers Soars 46% on Less Catastrophes, Favorable Reserves
Second-quarter 2026 net income at Travelers increased 46% to about $2.2 billion on lower catastrophe losses and favorable prior year reserve development. Catastrophe losses for the quarter, mostly ...
U.S. P/C Industry Books Best Result in a Decade, but Not All Lines Enjoy Success
The U.S. property/casualty industry posted its best underwriting profit and combined ratio in a decade in 2025, building upon the $1 trillion of total direct premiums written logged the prior year ...
CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’
Thanks to a strengthening El Nino, the rest of the Atlantic hurricane season will be well below normal, said researchers at Colorado State University. In a July 8 update to its forecast, CSU said the ...
Clyde & Co Survey Shows Rapid Escalation of AI, Geopolitical Risks
Technology is moving extremely fast, and a recent Clyde & Co survey of global business leaders has found that associated risks are weighing heavily. According to the law firm's latest Corporate ...
U.S. House Passes Bill to Extend Federal Terrorism Backstop Through 2034
The U.S. House of Representatives has overwhelmingly passed legislation to extend the public-private partnership to insure terrorism risk though 2034. The TRIA Program Reauthorization Act of 2026 (HR ...
NAIC Says Data Taken in Hack Has Been Published Online
The National Association of Insurance Commissioners (NAIC) now says the data taken earlier this month from its information technology systems has been published online by the hackers responsible. In ...
NAIC Victim of Cyber Incident Via PeopleSoft System
The National Association of Insurance Commissioners (NAIC) said it was the victim of a data breach, though an investigation has found the group responsible is unlikely to have the scope of data it ...
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced
The proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence is also bring some complicated risks. A new report from AM Best outlines "substantial ...