Industry News
Mixed Bag: What Trump 2.0 Tariffs, DOGE Activities Mean For Insurers
Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump's previous service as the nation's 45th President presents a remarkable opportunity to make educated guesses about the ...
Survey: Better Communication Needed For Totaled Auto Claims
Drivers who have had their car declared a total loss are noticeably impacted by how carriers communicate them. That's according to survey of U.S. policyholders that shows drivers' emotional state and ...
Effective Jan. 1, Workers Comp For Mental Health Available To NY Workers
New York Governor Kathy Hochul has signed legislation to expand workers compensation benefits to people who are facing job-related mental health crises. The new law, which goes into effect January 1, ...
Economic Threats Top of Mind for Business Leaders
Economic downturn, labor shortages and inflation top the list of concerns for business leaders globally, according to the World Economic Forum's 2024 Executive Opinion Survey, released by strategic ...
Gallagher to Buy AssuredPartners for $13.5B to Increase Mid-Market Reach
Arthur J. Gallagher this morning said it has entered into an agreement to acquire AssuredPartners for $13.45 billion cash to expand its reach in the U.S. middle-market property/casualty and employee ...
Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re
Estimated insured losses from natural catastrophes are on track to surpass US$100 billion in 2024 – for the fifth consecutive year -- and are even likely to hit US$135 billion-plus, according to ...
GEICO to Add 500 New Jobs at New North Texas Hub
GEICO announced the addition of 500 new jobs in North Texas today. The expansion of its commercial operations at the Richardson office, designated as a main hub to serve the insurer's small business ...
Ivans Index Shows Most Commercial Lines Renewal Rates Up in November
Most major commercial lines premium renewal rates were higher month over month, except general liability, which remained consistent with October and Commercial Property and Workers' Compensation ...