Industry News
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 ...
Legacy Insurance Systems Cost Nearly $5M Annually in Hidden Operational Costs: Report
A survey of more than 250 P&C and specialty market insurance professionals revealed the substantial cost of legacy systems, according to a new research report commissioned by software provider ...
Nine Claims Trends to Watch Through the Rest of 2026
Catastrophe, resilience, automation, digital transformation, personalization of the claims experience, talent strategies, operational flexibility—there are a mouthful of trends to talk about in the ...
WTW: U.S. Commercial Insurance Rates Moderate to 2.9% in Q4 2025
U.S. commercial insurance rates increased 2.9% in the fourth quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). "Commercial insurance pricing continued to ...
The List Is Growing: More Insurance Apps on ChatGPT
Neptune Flood announced the launch of a digital flood insurance app in ChatGPT yesterday, but the data-driven MGA isn't the only new name on a growing list of available ChatGPT insurance apps. A ...
Chubb Backing Trump’s $20 Billion Reinsurance Plan for Hormuz
Chubb Ltd. is partnering with the U.S. International Development Finance Corp. on a $20 billion reinsurance backstop aimed at reviving shipping in the Strait of Hormuz, a crucial oil route being ...