Industry News
Loss Trends Outpacing Pricing Assumptions: Other Liability Analysis
The U.S. insurance industry saw $7.3 billion of adverse loss development in the other liability (occurrence) line during 2025, with more than half of the total coming from recent accident years, ...
U.S. Home Insurance Prices Set to Keep Rising With Severe Weather
U.S. home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs. The average annual premium is projected ...
Iran War Potentially Raises Exposures for Terrorism, Political Violence Underwriters
The Iran war is likely to raise uncertainty in the global terrorism and political violence insurance markets, particularly in the United States and Europe, according to credit ratings agency ...
Marsh Risk Launches BX1 for U.S.-based Excess Casualty Clients
Marsh Risk today announced the launch of BX1, a new Bermuda-domiciled insurance facility designed to provide U.S.-based clients with a streamlined excess casualty insurance solution. BX1 offers a ...
Executives on the Move at DUAL Group and Marsh
DUAL Group announced the appointment of Ed Ashby as chief executive officer, DUAL North America, effective March 23. Ashby will lead the U.S. business from New York, reporting to Richard Clapham, ...
U.S. Data Center Boom Slows Due to Power Grid Limits, Consultancy Says
U.S. data center development has slowed because the power grid is reaching its limit to accommodate more large facilities, according to research from energy consultancy Wood Mackenzie. Developers ...
$20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover
The Trump administration's $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is designed to get ships moving through the Strait of Hormuz. But, ...
Only 3 in 10 Americans Review Insurance Annually, Says Big I Survey
Though people understand the importance and value of insurance, a policy is only something they think about when something goes wrong. According to a new survey from the Independent Insurance Agents ...