Markets
Rational Market? How About ‘Dumb’ and ‘Bizarre’?
Industry executives who described insurance and reinsurance markets as "rational" in the not-so-distant past are now using words like "dumb" and "bizarre" to characterize soft-market competitor moves ...
Unexpected $115B+ Insured Loss Needed to Harden Property Market: Gallagher Re
Global and regional natural catastrophe activity and loss totals were lower in the first quarter of 2026 than in comparable quarters of previous years, leaving the reinsurance industry ...
NYC Begins 10 Days of Flying Taxis With Manhattan-JFK Flights
Joby Aviation Inc. is planning to fly electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise ...
Officially Retired: Liberty Mutual’s Safeco Brand Sunsets
Liberty Mutual confirmed that the previously announced sunset of the Safeco Insurance brand is officially done. The company's auto, property and specialty lines business in the independent agent ...
Travelers to Expand Homeowners Insurance Offering in California
The Travelers Companies said it intends to expand its homeowners insurance offerings across California. Travelers notified the California Department of Insurance it intends to expand homeowners ...
Commercial Lines Rates Continue to Soften, Says Ivans Index
Premium renewal rates in the first quarter 2026 decreased for all major commercial lines compared to the fourth quarter 2025, according to the Ivans Index. "Q1 sets an important baseline for 2026, ...
Insurance’s Data Problem Comes Into Focus at Hormuz
In recent weeks, the Strait of Hormuz has forced the marine insurance market into real-time decision making. War-risk premiums have moved by multiples in days. Notices of cancellation have triggered ...
NY to Lose $74M of Federal $ Over 33,000 Immigrant Trucker CDLs
New York will lose more than $73.5 million in federal money because the Transportation Department said last week that state has refused to revoke nearly 33,000 questionable commercial driver's ...