Markets
Demand for Insurance Rises as Majority of Pet Parents Underestimate Cost of Care: Study
Costs associated with pet care continue to rise, according to consumer financing company Synchrony's 2025 Pet Lifetime of Care Study, which found an increase of 10 percent for dogs and close to 20 ...
Viewpoint: Global Reinsurers Stand Strong Amid Investment Volatility, Natural Disasters
The reinsurance industry has shown significant improvements in operating performance in recent years. Despite facing substantial insured natural catastrophe losses globally, reinsurers achieved ...
Industry Vets Bonneau and Bredahl Lead ‘Novel’ HoldCo.; Supports MGU Biz
The former chief executives of Partner Re and Howden Tiger are joining two other industry veterans to form a company, which they describe as "an independent holding company that oversees carriers ...
U.S. Court Blocks Most Trump Tariffs; Says President Exceeded His Authority
A U.S. trade court blocked most of President Donald Trump's tariffs in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports ...
Cyber Attack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums
A recent surge in high-profile cyber attacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash in from a rapidly expanding market — and prompting a rethink on ...S&P Downgrades USAA Ratings
S&P Global Ratings announced that it lowered its financial strength and counterparty credit ratings on United Services Automobile Association (USAA) and its core insurance subsidiaries to "AA" ...
Workers Comp Report Shows Overall Scripts Down, While Migraine Meds Soar
Annual pharmacy benefit manager report shows increases in overall migraine medicine use by nearly 9 percent, while opioids drop by almost 8 percent. Part 1 of Enlyte's 2025 Drug Trends Report, issued ...
Travelers Selling Canadian Insurance Businesses Other Than Surety for $2.4B
The Travelers Companies, Inc. announced that it has signed a definitive agreement to sell Travelers Canada's personal insurance business and the majority of its commercial insurance business to ...