Industry News
New California Law Aims to Stabilize Insurance for Those Unable to Get Private Coverage
California Gov. Gavin Newsom signed a bipartisan bill that aims to prevent the state's home insurer of last resort from running out of money following a natural disaster. The FAIR Plan is an ...
Illinois Sues State Farm for Refusal to Release Homeowners Insurance Data
The State of Illinois is suing State Farm for refusing to provide nationwide homeowners insurance data at the request of the Illinois Department of Insurance (IDOI). Attorney General Kwame Raoul ...
Weak Governance of Artificial Intelligence Raises Risks of Cyber Attacks: Moody’s
Weak artificial intelligence (AI) governance practices pose a growing risk of data breaches, warns a report published by Moody's Ratings. Large numbers of companies and organizations "have no rules ...
Kemper’s Lacher Steps Down as CEO
Kemper Corporation announced that Joseph P. Lacher Jr. will step down as president and chief executive officer after nearly a decade in the role and will conclude his ...
The Mutual Group Appoints Troy as CEO
The Mutual Group announced that Tom Troy will join the company as chief executive officer, effective Jan. 5, 2026.
Troy has over 30 years ...
Marsh McLennan and Businesses to Unify Under ‘Marsh’ Brand; New Unit Created
Marsh McLennan announced it will change its brand to "Marsh," effective January 2026, and it has created a new unit, Business and Client Services (BCS), which aims to accelerate innovation and ...
All Commercial Insurance Lines Except One in ‘Soft-Market Territory’: WTW
Moment of opportunity. Clear horizons. The latest WTW Marketplace Realities report, published in early October, is heavy on descriptions of a "unique and promising" inflection point for commercial ...
Agents Struggle to Find Capacity, Meet Customer Timing Expectations: Survey
A new P/C insurance industry survey report reveals some of the key challenges that independent agents are facing, including providing quotes within customers' expected time frames—or finding ...