Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates
Marine insurers are canceling war risk coverage for vessels and oil shipping rates are set to surge further after the widening Iran conflict left at least three tankers ...
Industry News
Court Sharpens Causation Standard in All-Risk Policies in NC Church Mutual Case
In all-risk policies, an excluded cause of damage must be the sole cause of damage for the exclusion to apply, a federal appeals court decided last week in an opinion that clarifies North Carolina ...
Gas-Guzzler Revival Risks Dead-End Future for U.S. Automakers
Detroit under Donald Trump has rediscovered its love of the big, roaring engine. By gutting climate regulations, the president has freed U.S. automakers to sell as many gas-burning trucks and SUVs as ...
State Farm Mutual to Pay $5B Dividend to Auto Insurance Customers
Today, State Farm Mutual Automobile Insurance Company (State Farm Mutual) announced that a $5 billion dividend will be distributed to auto insurance customers. Recent auto insurance rate reductions ...
Commercial P/C Market Softest Since 2017, Says CIAB
Commercial property/casualty premiums across all account sizes in the fourth quarter of 2025 were the softest they have been since 2017, according to The Council of Insurance Agents & Brokers ...
Resilience: Cyber Risk Shifts From Disruption to Long-Tail Losses
Cyber attacks are no longer designed solely to cause immediate business disruption. Instead, they are increasingly engineered to inflict sustained financial, regulatory and reputational damage that ...
Majority of Companies Worldwide See AI Benefits; Coverage Vague: Survey
A recent survey of more than 1,200 global businesses found that as AI adoption accelerates, 82% of respondents report positive impacts on their organizations. Global insurance brokerage Gallagher ...
Markel Group Announces Leadership Changes
Markel Group Inc. on Monday announced the appointments of Simon Wilson, CEO of Markel Insurance, and Andrew Crowley, President of Markel Ventures, as Executive Vice ...
Blizzard Caused Up to $38 Billion in Estimated Damage, Economic Loss: AccuWeather
The winter storm that brought several feet of snow and blizzard conditions to parts of the Northeast this week resulted in $34 billion to $38 billion in total damage and economic loss, according to a ...