Industry News
APCIA: House Judiciary Committee Must Pass Litigation Funding Disclosure Reforms
The American Property Casualty Insurance Association (APCIA) continues to throw support behind two bills scheduled for markup Nov. 18 by the House Judiciary Committee. Committee member Rep. Darell ...
MGA Bobcat Re Launched in U.S. by Former K2 CAT Execs
A new property-catastrophe reinsurance MGA, Bobcat Re, has been launched by a group of private investors, including former K2 CAT executives David Carson and James Sharpington as well as Glenn T. ...
Nonstandard Auto Insurers Continue Profit Momentum in 2025: AM Best
The nonstandard auto insurance market in 2025 certainly looks to be maintaining the momentum it gained last year, according to a new report from AM Best. The insurance industry rating agency said ...
Has InsurTech Funding Found a Floor?
Two separate reports published this month show that while quarterly InsurTech deal counts have plummeted from heights attained in 2021 and 2022, dollar levels invested in InsurTechs have stabilized ...
Aon Launches AI-Enabled Claims Copilot
Debuting in Germany in November, Aon recently launched Aon Claims Copilot, aiming to enhance claims outcomes of clients of the professional service firm through a single, integrated digital platform. ...
Trucking App Trucker Path Launches Retail Insurance Agency
The company behind a trucking navigation app has launched its own insurance agency. Earlier this month, Trucker Path announced the launch of its in-house, digitally enabled retail agency focused ...
AM Best Downgrades State Farm Mutual Auto
AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best's assessment of the group's ...
Executives on the Move at RLI Corp. and Markel
RLI Corp. announced that Chief Financial Officer Todd Bryant will retire on Dec. 31, 2025, following more than 30 years with the company.
