Industry News
House Committee Advances Bill to Extend Federal Terrorism Backstop
Looking to ensure the longevity of a worthwhile federal program, the insurance industry has continued to lobby in favor of the TRIA Program Reauthorization Act of 2026. The legislation (HR ...
RLI Inks 30th Straight Full-Year Underwriting Profit
"It's too long to be considered a hot streak." That's how the chief executive officer of specialty insurer RLI delivered the news of his company's unbroken 30-year record of underwriting profits on ...
AI-Driven Threats Driving Spending Plans: AXIS
Nearly 82% of executives surveyed by AXIS Capital Holdings Limited said their organizations plan to increase their cybersecurity budgets over the next 12 months, while 75.2% said they are likely to ...
CEO Revenue Confidence Hits 5-Year Low: PwC Survey
Only three in 10 chief executives are confident in their companies' revenue growth prospects over the next year, the lowest level in five years, according to a global survey by professional services ...
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut
Days after announcing a deal to equip 10,000 engineers and data scientists at Travelers with AI assistants, the insurance company's leader detailed "differentiating domain expertise" around data and ...
Risk Advisory Zurich Resilience Solutions Starts Data Center Practice
Zurich Resilience Solutions (ZRS), a risk advisory and engineering service and part of Zurich Insurance, announced the formation of a specialized Data Center Risk Advisory practice, which brings ...
Update: Beazley Rejects Zurich Insurance’s £7.7 Billion Takeover Bid
Beazley Plc has rejected Zurich Insurance Group AG's £7.7 billion ($10.3 billion) takeover approach, the latest twist in the Swiss giant's attempt to acquire the UK specialty insurer. London-listed ...
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans
A year after the Los Angeles wildfires, many survivors face the same problem: Their insurance policies aren't paying out enough to cover the cost of rebuilding. It's a tragic predicament. And it will ...