Markets
Swiss Re Tops List of Largest Reinsurers on Its Shift to IFRS-17 Accounting: AM Best
Swiss Re tops the list of the world's 50 largest reinsurers as a result of its adoption of the IFRS-17 accounting standards, which also led to a shuffle among the top-tier reinsurers, according to AM ...
Softening Continues for Most Commercial P/C Lines in Q2, Says CIAB
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the second quarter 2025 rose by 3.7 ...
Cybersecurity Pros Say IoT, Large Language Models Are Risk Areas of Concern
When it comes to systemic cyber risks, cybersecurity experts rated Internet of Things (IoT) devices and large language models (LLMs) as the most immediate emerging risk areas of concern. That finding ...
Another Downgrade for State Farm General: S&P Lowers Rating to A-
Earlier this month, Standard & Poor's Global Ratings announced another downgrade for State Farm General Insurance Co., lowering the California company's financial strength rating to A- in spite ...
5-Year Cost of Litigation Funding to Commercial Insurers Could Top $25B
"Are you being serious?" Christopher Swift, chair and chief executive officer of The Hartford, was taken aback by a question from an analyst during the company's second-quarter earnings call about ...
Neptune Flood: 77% of At-Risk Homes Outside FEMA Zones Have No Flood Insurance
Many homeowners underestimate their flood risk, leaving millions uninsured or underinsured in the face of a rising tide of flood events. A 2025 study from the Federal Reserve Bank of Philadelphia ...
Homeowners Insurers Still Boosting Rates; Top Carriers Ranked: AM Best
Last year's sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance industry in aggregate—and homeowners insurers are sticking to rate ...
Mercury Insurance and Safeco Insurance to Transition California Customers and Agents
Mercury Insurance is partnering with Liberty Mutual Insurance on a plan to provide coverage for thousands of California Safeco Insurance customers impacted by a shift in Liberty Mutual's California ...