Industry News
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency
Marsh aims to be an "AI winner" through growth, productivity and efficiency gains, according to John Doyle, president and CEO of the broker and risk adviser. "[W]e see AI as a powerful accelerator ...
Travelers Profit Rises on Stronger Underwriting, Lower Catastrophe Losses
Property and casualty insurance giant Travelers reported a jump in first-quarter profit, buoyed by robust underwriting gains and lower catastrophe losses than a year earlier when results were ...
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing
New York City Mayor Zohran Kwame Mamdani is seeking to lower the cost of property and liability insurance for affordable and rent-stabilized housing through a new city-run insurance program. Mamdani ...
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 ...