Industry News
Travelers Builds Insurance-Specific LLM
The Travelers Companies, Inc. announced this week that engineers and data scientists have developed TravelersLLM, a proprietary large language model tailored to its property/casualty business. ...
U.S. House Passes Bill to Extend Federal Terrorism Backstop Through 2034
The U.S. House of Representatives has overwhelmingly passed legislation to extend the public-private partnership to insure terrorism risk though 2034. The TRIA Program Reauthorization Act of 2026 (HR ...
PE-backed Insurance Broker Hub International Files Confidentially for U.S. IPO
Private equity-backed insurance broker Hub International announced on Friday that it has confidentially filed for an initial public offering in the United States. The Chicago-based company was valued ...
NAIC Says Data Taken in Hack Has Been Published Online
The National Association of Insurance Commissioners (NAIC) now says the data taken earlier this month from its information technology systems has been published online by the hackers responsible. In ...
U.S. Supreme Court Scales Back Roundup Cancer Lawsuits
The U.S. Supreme Court reined in thousands of lawsuits pursued in state courts accusing Bayer of failing to warn users that the active ingredient in its Roundup weedkiller causes cancer, handing a ...
Big I: Independent Agencies’ Market Share Up Slightly in 2025
The independent agency channel placed 62% of all property/casualty insurance written in the U.S. in 2025, a slight increase from 2024 when 61.5% of insurance written was placed by independent agents. ...
Florida Insurer Safepoint Files to Withdraw U.S. IPO Listing
Safepoint has filed to withdraw its initial public offering plans in the U.S., the Florida insurer said on Wednesday. The withdrawal comes even as the IPO market has picked up pace after a brief lull ...
Homeownership Becoming Less Affordable: Kin
The homeowners insurance picture has gotten meaningfully worse in the last six months, according to Kin's 2026 Midyear Homeownership Report. Kin surveyed 1,000 homeowners to see how sentiment has ...