Markets
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage
A state high court has ruled subsidiaries of American International Group (AIG) and Chubb cannot use the so-called "bump-up" exclusion in denying coverage for a settlement in a securities lawsuit. ...
Tokio Marine HCC Lists Top 10 Cyber Incidents in 2025
Among the top 10 cyber incidents in 2025 was the first documented case of an AI-orchestrated espionage campaign, which illustrated how artificial intelligence (AI) is being leveraged by sophisticated ...
We’re No Longer Pressured to Push for Rate ‘Across the Board,’ Berkley Says
W.R Berkley reported a "flattish" top line but nearly 15% growth in underwriting income for fourth-quarter 2025 this week. The chief executive also signaled a change in the level of rate increases ...
Commercial Lines Market Overall Remains Firm, Says Ivans
Premium renewal rates increased year-over-year for all major commercial lines, except workers compensation, according to fourth-quarter 2025 results of the Ivans Index. "The commercial insurance ...
To Bundle or Not: Kin Now Offers Auto and Home Insurance in Florida, Texas
Kin, a direct-to-consumer digital personal lines insurer, announced the launch of auto insurance in Florida and Texas. The auto insurance is currently available as part of a bundle or as a standalone ...
RLI Inks 30th Straight Full-Year Underwriting Profit
"It's too long to be considered a hot streak." That's how the chief executive officer of specialty insurer RLI delivered the news of his company's unbroken 30-year record of underwriting profits on ...
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut
Days after announcing a deal to equip 10,000 engineers and data scientists at Travelers with AI assistants, the insurance company's leader detailed "differentiating domain expertise" around data and ...
Update: Beazley Rejects Zurich Insurance’s £7.7 Billion Takeover Bid
Beazley Plc has rejected Zurich Insurance Group AG's £7.7 billion ($10.3 billion) takeover approach, the latest twist in the Swiss giant's attempt to acquire the UK specialty insurer. London-listed ...