Industry News
Homeownership Becoming Less Affordable: Kin
The homeowners insurance picture has gotten meaningfully worse in the last six months, according to Kin's 2026 Midyear Homeownership Report. Kin surveyed 1,000 homeowners to see how sentiment has ...
NAIC Victim of Cyber Incident Via PeopleSoft System
The National Association of Insurance Commissioners (NAIC) said it was the victim of a data breach, though an investigation has found the group responsible is unlikely to have the scope of data it ...
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask
Insurance and reinsurance executives speaking at a recent industry conference said there were few surprises during midyear 2026 reinsurance renewals—with past overreactions on price hikes ...
Vessels, Cargo Valued at $125B Awaiting Gulf Passage: Allianz
Around 1,150 cargo-carrying ships with an estimated vessel and freight value of $125 billion and as many as 20,000 seafarers are waiting to resume operations in the Gulf after the Iran war shut the ...
U.S. P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles
Private U.S. property/casualty insurers posted a first-quarter 2026 underwriting gain of $15.8 billion—quite the reversal after recording an underwriting loss of $864 million for the first three ...
Executives on the Move at AIG, Progressive, HDI Global and Sompo
AIG has appointed Gavin Spencer as Head of Specialty, North America, effective immediately. He is taking on this expanded role alongside his current responsibilities as Head of Marine, North ...
Flood Insurance Gap Will Squeeze Local Governments, Homeowners: Moody’s
The flood insurance gap in the United States is big and it's not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to ...
California UPS Mechanic Admits to Workers Comp Fraud
A former UPS employee was sentenced to 90 days in jail, two years' probation, and ordered to pay $50,000 restitution to Liberty Mutual Insurance after submitting a fraudulent workers compensation ...