Industry News
Progressive CFO Sauerland to Retire; Quigg Will Succeed
The Progressive Corporation announced that John Sauerland, the company's chief financial officer since 2015, will retire from Progressive on July 3, 2026. "We are so grateful to John for his 35 years ...
Tokio Marine HCC Lists Top 10 Cyber Incidents in 2025
Among the top 10 cyber incidents in 2025 was the first documented case of an AI-orchestrated espionage campaign, which illustrated how artificial intelligence (AI) is being leveraged by sophisticated ...
Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says
The Howden-driven talent war has cost Brown & Brown $23 million in revenue, according to J. Powell Brown, the broker's president and chief executive officer. "As of today, approximately 275 of ...
We’re No Longer Pressured to Push for Rate ‘Across the Board,’ Berkley Says
W.R Berkley reported a "flattish" top line but nearly 15% growth in underwriting income for fourth-quarter 2025 this week. The chief executive also signaled a change in the level of rate increases ...
Commercial Lines Market Overall Remains Firm, Says Ivans
Premium renewal rates increased year-over-year for all major commercial lines, except workers compensation, according to fourth-quarter 2025 results of the Ivans Index. "The commercial insurance ...
Why Power Outages Do More Economic Damage Than We Think
The day after a major winter storm swept across the US, hundreds of thousands of homes and businesses remained without electricity and the prospect of more outages loomed amid frigid temperatures. ...
Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts
President Donald Trump signed an executive order that allows the federal government to preempt state and local regulations in the recovery efforts of last year's Los Angeles wildfires, blaming the ...
Frozen Pipes Lead to $628M in Losses for State Farm
New analysis highlights just how costly frozen and winter water damage claims can be. From January 2024 through June 2025, State Farm received more than 20,000 claims, totaling over $628 million in ...