Industry News
Humans Still Matter to Insurance Consumers, Says Big ‘I’ Survey
There is some good news, according to the Independent Insurance Agents & Brokers of America, as the use of artificial intelligence proliferates across the industry: People still prefer people. A ...
Buffett Steps Down as Berkshire Chair, Ending Six-Decade Run
Berkshire Hathaway Inc. founder Warren Buffett is stepping down as the company's chairman to be replaced by his son Howard, effectively ending roughly six decades at the helm of the conglomerate. The ...
AIG’s Hancock to Retire as Head of General Insurance
Jon Hancock, CEO of General Insurance at American International Group (AIG), will retire at the end of the year. The announcement is the newest change for AIG's C-suite, which experienced several ...
Senate Committee Sends TRIA Reauthorization to the Floor
Federal legislation to extend the Terrorism Risk Insurance Act will head to the full Senate after unanimously getting a nod from the Senate Banking Committee. The committee on Sept. 17 voted 24-0 to ...
UK Insurers Urge Bank of England to Rethink ‘Dynamic’ Stress Test
Britain's insurance industry is urging the Bank of England's regulatory arm to rethink its live crisis simulation, citing heavy reporting demands and unrealistic scenarios in a stress test that ...
Federal Legislation Targets Auto Insurance Fraud With Steep Penalties
Earlier this month, federal legislation was introduced to make motor vehicle collision fraud a federal crime, according to a joint press release by Congresswoman Laura Gillen (D-NY-04) alongside U.S ...
WTW, Ivans Reports Signal More Commercial Rate Moderation
U.S. commercial insurance rates increased 0.5% in the second quarter 2026, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). "Commercial insurance pricing is continuing ...
Zurich US Names Wells as CEO
Zurich U.S. has selected Alex Wells to serve as chief executive officer. He takes the helm from Sierra Signorelli, who stepped down. The promotion takes immediate effect but is still subject to ...