Industry News
Exclude It, Harness It, Get Greedy: McGavick’s Take on Insurers’ AI Playbook
Mike McGavick, the former chief executive of XL Group and Safeco Insurance, sees exciting possibilities ahead for AI to refocus the insurance industry on the problems it is designed to solve. But ...
Workers’ Families, Other Parties Settle Baltimore Bridge Tragedy Claims
Just days before the civil trial on claims against the owner and operator of the cargo ship Dali was to begin, Grace Ocean and Synergy Marine settled wrongful death suits with the families of the six ...
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership
Eric Andersen landed a job that most insurance executives would have long considered too good to be true: leading a strong AIG. Thanks to a dramatic turnaround under his predecessor, Peter Zaffino, ...
Kim and Allen Lead Voting in California Insurance Commissioner Primary
Democrats Jane Kim and Ben Allen led voting in Tuesday's race for California insurance commissioner, making them the current favorites to advance to the Nov. 3 primary. However, insurance agent Stacy ...
Multiple Factors Affect Auto, Workers Comp Claim Complexity: Report
Though workers comp and auto remain profitable lines within the insurance industry, there a number of challenges to monitor, according to Enlyte's 2026 Envision Trends Report, which explores the ...
Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
Illinois lawmakers passed a pair of bills that gives the insurance department the authority to review homeowners and auto rate filings to determine whether they are excessive. The insurance industry ...
Insurance Platform Corgi Valued at $2.6B in Funding Round
AI insurance platform Corgi said on May 28 it raised $106 million in a funding round led by investment firm TCV that valued it at $2.6 billion. The funding round underscores strong investor appetite ...
Vendor Issues Remains Top Cause of Paid Wedding Insurance Claims: Travelers
For the fifth consecutive year, vendor-related issues (55%) were the leading cause of paid wedding insurance claims in 2025, according to data from The Travelers Companies, Inc. The data highlights ...