Industry News
E&S Market Sees 21% Compound Growth Within Past 5 Years: Conning
Excess and surplus (E&S) lines of insurance have experienced unprecedented growth, realizing 21 percent compound annual growth rate over the past five years and surpassing $104 billion in ...
California Insurers Required to Increase Home Coverage in High Risk Wildfire Areas
Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with U.S. liability claims increasing by 57 percent during the past decade and nuclear verdicts rising in ...
Loss-Free Property Cat Rates Fall 5-15% as Reinsurer Appetite Grows: Guy Carpenter
Global reinsurers' appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5-15 percent for loss-free accounts, ...
RiverStone International to Provide Loss Portfolio Transfer for Zurich Insurance
RiverStone International, the London-based provider of legacy solutions, announced it has signed an agreement with the French branch of Zurich Insurance Europe and Zurich Insurance Co. to provide a ...
Dear Elon and Vivek: Insurance Commissioners Urge DOGE to Ditch FIO
Insurance commissioners from nine states are looking to the new Department of Government Efficiency to do away with the Federal Insurance Office. In a letter, addressed to DOGE heads Elon Musk and ...
Safeco to Stop Writing New Condo and Renter Policies in California
Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental customers under its ...
CCC Intelligent Solutions Acquires EvolutionIQ for $730M
CCC Intelligent Solutions Inc. signed a definitive agreement to acquire claims management platform EvolutionIQ Inc. Subject to the terms and conditions included in the agreement, CCC is expected to ...