Industry News
US P/C Insurers See Fewer Ratings Downgrades in H1 2026 on Improved Performance
The U.S. property/casualty insurance segment saw substantially fewer ratings downgrades with more ratings upgrades in the first half of 2026 -- mostly related to either poor or improved operating ...
Zurich Insurance Group Completes Acquisition of Beazley, Names New Leadership for Insurer
Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) acquisition of Lloyd's insurer Beazley, effective Oct. 1. Beazley shares were suspended from the London Stock Exchange on Oct. ...
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years
U.S. homeowners multiperil insurers reversed a $1.3 billion underwriting loss in 2024 to post an underwriting profit of $16.5 billion in 2025 – the line's first underwriting gain since 2019, said ...
Vehicle Theft Continue to Drop, Down 21% in First Half of 2026
Newly released data shows that all 50 states have recorded year-over-year percentage decreases in vehicle thefts during the first half of 2026, according to the National Insurance Crime Bureau ...
AM Best: US Mutual Insurers Doubled Net Income in 2025
Total net income for U.S. property/casualty mutual insurers doubled compared to 2024 to about $42.6 billion in 2025 as underwriting income surged to about $14.8 billion from a loss of $7.2 billion in ...
Kin Offers HELOC to California Homeowners
A home equity line of credit (HELOC) is now available in California through Kin Financing, LLC affiliate, the direct to consumer insurer announced. Promising application to funding within five days ...
How Insurers Can Gain the Most Value From Their AI Investments: Accenture
Insurers will help maximize their return on AI investments by adopting an enterprise-wide strategy, rather than just focusing on select and segmented areas, which splits the ownership and investment, ...
State Farm to Increase Claims Workforce by 3,000
State Farm said it plans to increase the size of its claims workforce throughout 2027 by about 10%, or about 3,000 employees. In a Sept. 25 announcement, the mutual insurer said it is investing in ...