Commercial Lines
Global Commercial Insurance Rates Keep Falling; Down 8 Quarters in a Row
Global commercial insurance rates dropped by 6%, on average, in the second quarter of 2026, following a 5% decline in Q1 2026, according to Marsh's latest Global Insurance Market Index (GIMI). ...
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent
It's no surprise given the penetration of artificial intelligence into lives and businesses that it appears insurers are gearing up to exclude AI risk in some of their commercial liability policies. ...
Deja Vu as Berkley Calls Out MGUs During Quarterly Call
W.R. Berkley's CEO wasted no time addressing the issue that has been stuck in his craw for at least a year. "We continue to have great concern around much of the MGU [managing general underwriter] ...
Chubb Q2 Net Down 3.8%; Large E&S Property ‘Overly Soft’: CEO
Second-quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property/casualty underwriting income up 18.8% to about $1.9 billion. ...
Raised on Breaches, Digital Natives Think Differently About Cyber Risk
The spring 2026 cyber incident affecting the Canvas Learning Management System couldn't have occurred at a worse time. As the end of the U.S. school year approached, students and educators suddenly ...
FDA Walks Back Positive Lab Test in Lettuce Cyclospora Outbreak
The Food and Drug Administration on Sunday withdrew an earlier positive test that had tied Taylor Farms' lettuce to the cyclospora outbreak, even as health officials said the supplier remains a focus ...
California Insurance Commissioner OKs Upping Workers Comp Pure Premium 10.4%
California Insurance Commissioner Ricardo Lara approved workers compensation advisory pure premium rates that average 10.4% higher than last year. The Workers' Compensation Insurance Rating Bureau of ...
Sompo Acquiring Workers Comp Writer Service Insurance Companies
Sompo International Holdings Ltd. announced a definitive agreement for one of Sompo's U.S. subsidiaries to acquire Service Insurance Companies, a U.S. workers compensation insurance specialist. ...