Industry News
Key to Customer Loyalty in Claims Journey Mixes AI and Human Judgment
A new report by Deloitte examined nearly 4,000 auto and home policyholder responses detailing where insurers can improve the claims journey without losing the human touch. The responses, collected by ...
Supply Chain Insurance Is ‘Must-Have’ Cover During Geopolitical Tensions: GlobalData
Supply chain insurance is seen by businesses as must-have protection during periods of geopolitical tensions -- in order to safeguard their daily commercial operations, according to GlobalData, the ...
The Hartford To Acquire Equitable’s Employee Benefits Biz
In a deal designed to boost The Hartford's growth in the small and midsized employer segment, the Connecticut-based insurer announced a deal to acquire Equitable's Employee Benefits business, ...
Europe’s Wildfire Season Exposes Climate Insurance Gap
Domestic insurers are expected to absorb most of the losses from Europe's worst wildfire season in recent history, but the blazes are also raising a bigger question: who will pay as climate-driven ...
Wildfires Fan Record Sales of Catastrophe Bonds to Backstop Risk
Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets. Issuance of cat bonds that include exposure to wildfires has already soared to more than ...
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal
American Family Mutual Insurance Co. has agreed to buy all outstanding shares of specialty insurer Bowhead Specialty Holdings Inc. for about $1.2 billion in cash. Under the terms of the transaction, ...
Driver Death Rates High for Small Cars, Big Engines: IIHS
More than half of the model 2023 vehicles with the highest driver death rates are small cars, sports cars, or muscle cars, according to a new report from the Insurance Institute for Highway Safety. ...
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026
Brown & Brown anticipates that the cost of the Howden-driven talent war for the full-year 2026 could hit $60 million – an increase from the $31 million it estimated last quarter. "Based on ...