Markets
New Jersey Public Schools May Be Held Vicariously Liable for Sexual Abuse
A New Jersey public school district may be held vicariously liable for sexual abuse by a teacher even if the abuse took place outside of the scope of the teacher's employment and off school property. ...
Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liability Cover
Chubb outlined the structure of the new $20 billion maritime reinsurance facility, created to provide marine war risk insurance for ships sailing through the Strait of Hormuz -- which has been ...
Everest Sells Another Retail Commercial Insurance Op: Canada Biz Going to Wawanesa
Everest Group, Ltd. ("Everest") announced that it has signed a definitive agreement to sell its Canadian Retail Insurance operations, Everest Insurance Company of Canada ("Everest Canada"), to The ...
Hippo, Progressive Embark on Strategic Distribution Relationship
InsurTech Hippo announced that its homeowners insurance products have been added to Progressive's HomeQuote Explorer, available online and through Progressive in-house agents in eight states. Hippo ...
JD Power: Homeowners Claims Satisfaction Rises as Repair Times Improve
A combination of faster repair and payment cycle times, along with enhanced digital capabilities, has helped drive significant improvements in the overall customer experience with the property claims ...
P/C Industry Loss Reserves Redundant by More Than $20B: Assured Research
The year-end 2025 carried loss reserve position for the property/casualty insurance industry is more than $20 billion redundant, according to a loss reserve analysis published this week by Assured ...
Loss Trends Outpacing Pricing Assumptions: Other Liability Analysis
The U.S. insurance industry saw $7.3 billion of adverse loss development in the other liability (occurrence) line during 2025, with more than half of the total coming from recent accident years, ...
U.S. Home Insurance Prices Set to Keep Rising With Severe Weather
U.S. home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected ...