Industry News
‘Structural Shift’ Occurring in California Surplus Lines
The Los Angeles wildfires that kicked off 2025 not only sped up a statewide homeowners insurance market pullback, they also played a part in an ongoing reshaping of California's surplus lines market, ...
’25 Deal Counts Drop, Q4 Values Soar: S&P GMI Insurance M&A Analysis
The North American insurance market experienced a decline in the total number and aggregate value of merger and acquisition deals in 2025 compared to 2024, according to S&P Global Market ...
AIG Underwriting Income Up 48% in Q4 on North America Commercial
Fourth-quarter 2025 underwriting income in American International Group's (AIG) General Insurance segment increased 48% compared with the prior year, to $670 million. The unit, which includes North ...
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch
Fitch Ratings said it does not expect autonomous vehicles (AVs) to "have any meaningful impact" on insurers in the next decade. Therefore, impacts to credit ratings will be modest. However, over ...
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation
The Trump administration's imminent repeal of an Obama-era scientific finding that greenhouse gases pose a public health threat could open up a new pathway for filing lawsuits against power-plant ...
Liberty Mutual to Partner With Net-Zero Focused PE Firm Ara
Liberty Mutual Group Inc.'s asset-management arm agreed to back Ara Partners' infrastructure and energy strategies, in the latest partnership between an insurer and an alternative investment firm. ...
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears
U.S. insurance broker stocks were pummeled Monday as the launch of an artificial intelligence tool from privately held online insurance shopping platform Insurify sparked fears about the industry ...
Insurify Starts ChatGPT App Allowing Consumers to Shop for Insurance
Online insurance agent Insurify said it has launched a ChatGPT app to allow consumers to compare and shop for insurance. Insurify said the app is the first insurance app in OpenAI's directory. ...