Markets
Winter Storm Fern to Cost $4B to $6.7B in Insured Losses: KCC, Verisk
January's Winter Storm Fern caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950, according to catastrophe modeler KCC. The tally includes privately insured ...
MAPFRE Denied Injunction Against AAA Auto Insurance Sales in Massachusetts
MAPFRE Insurance has been denied a preliminary injunction to keep AAA Northeast from selling auto insurance policies in Massachusetts in what the insurer says is a violation of an exclusive marketing ...
Munich Re Launches Pandemic Consortium via Lloyd’s Market
Munich Re Specialty – Global Markets, Syndicate announced the launch of The Pandemic Consortium, a Lloyd's market initiative which will be focused on offering parametrically triggered catastrophic ...
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 ...