Industry News
Florida P/C Market Now Totals 20 Insurers
Three new property and casualty insurers have entered Florida's market, according to an announcement last week by Insurance Commissioner Mike Yaworsky. Builder Reciprocal Insurance Exchange, ...
Moody’s: U.S. Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event
The U.S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a ...
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI
Acrisure's CEO told employees that about 2,250 of them won't be with the company by the end of 2027. The Grand Rapids, Michigan-based global broker is planning to reduce its headcount by about 11%, ...
Kemper Appoints McAnena as CEO
Kemper Corporation today announced the appointment of Stephen J. McAnena as president and chief executive officer, effective June 1. He will also join the company's Board of Directors. McAnena brings ...
East Coast Regional Workers Comp Insurer Reports Data Breach
The Beacon Mutual Insurance Company (Beacon Mutual), a regional workers' compensation insurer serving Rhode Island, Massachusetts, and Connecticut, announced that it had completed an investigation ...
Florida Insurer Safepoint Eyes $1.16B Valuation in U.S. IPO
Insurer Safepoint said on Tuesday it was targeting a valuation of up to $1.16 billion in its U.S. initial public offering, riding a wave of post-reform Florida insurance growth. The Tampa, ...
U.S. P/C Industry Underlying Growth Expected to Slow in 2026
The U.S. property/casualty insurance industry is expected to see underlying growth decrease 3.7% for the first half of 2026 as it deals with economic uncertainty. The industry grew 1.6% in 2025, but ...
War Overtakes Civil Unrest as Top Political Violence Exposure for Global Businesses
War has overtaken civil unrest as the political violence exposure that companies fear most, as conflicts in Europe and the Middle East disrupt global trade flows, strain political alliances, embolden ...