Industry News
100-Year Hurricane in NYC Could Cost Insurers More Than $100B: KCC
A 1-in-100-year hurricane event in New York City could cost insurers more than $100 billion, according to an analysis by Karen Clark & Co (KCC). And a 1-in-250-year hurricane could cost insurers ...
U.S. Sustained Storm-Related Insured Losses Over $50B Three Years in a Row: Triple-I
Tornadoes, hail, straight-line winds, and severe thunderstorms caused $51 billion in U.S. insured losses in 2025, marking the third straight year losses have exceeded $50 billion, according to a new ...
Progressive Q1 2026 Income Up Nearly 10%
Progressive reported nearly double-digit growth in net income for first-quarter 2026, recording a bottom-line jump similar to the one recorded in last year's first quarter, even as top-line growth ...
Affordability Hits Auto Insurance: Why Claims Are Becoming More Complex
Auto claims and repair are becoming more complex and evolving with advanced vehicle technology, embedded sensors, calibrations, diagnostics and labor dynamics, according to a new report. Although ...
Aon Is Expanding Its Data Center Lifecycle Insurance Program Capacity to $3.5B
Aon plc is expanding its proprietary Data Center Lifecycle Insurance Program (DCLP) with an additional $1 billion, increasing the program's capacity to $3.5 billion. In addition, coverage will extend ...
2025 Claim Volumes Drop but Complex Risks Intensify: Verisk Analysis
Lower claims volume in 2025 masks shifting risks from emerging trends, wildfires and targeted auto theft, according to Verisk, a data analytics and tech provider to the global insurance market. ...
Reinsurers Least Successful Acquirers in Industry M&A: Analysis
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for ...
Data Centers Offer a Potential $10 Billion Windfall for Insurers
Soaring demand for insurance coverage related to data center construction is creating a "meaningful growth opportunity" for the industry, outstripping some traditional insurance markets, according to ...