Industry News
75% of Buyers Are Concerned About Rising Homeowners Insurance Costs: Survey
Nearly 75 percent of recent and prospective buyers believe that homeowners' insurance could become unaffordable, according to a new Realtor.com survey. Eighty-eight percent of those surveyed believe ...
Ransomware Attackers ‘More Systematic,’ Claims Become Costlier: Report
A portfolio claims analysis shared by Resilience, a cyber risk solutions company, showed the year-over-year average cost of individual ransomware attacks rose by 17 percent in the first half of 2025. ...
SageSure and Affiliate to Acquire Olympus MGA and Olympus Insurance in Florida
In a three-way deal involving carriers, underwriters, holding companies and more, catastrophe-focused managing general underwriter SageSure announced it will acquire the managing general agent for ...
Agent Has No Duty to Tell Insured of Pending Nonrenewal: Connecticut High Court
A Connecticut insurance agent has no duty to inform clients that their home insurer intends not to renew their insurance policy, the state's high court recently affirmed in a case where the ...
The Latest Launches from kWh Analytics, ACORD, Origami Risk
kWh Analytics announced the expansion of its insurance business with new excess natural catastrophe coverage through its licensed insurance entity, Solar Energy Insurance Services Inc. This entity ...
Illinois Legislation Calls for Home Insurance Premium Caps Could Limit Coverage, Insurers: Triple-I
Demands for legislative action in homeowners' insurance underwriting and price-setting would likely reduce both affordability and availability of coverage, according to a new Issues Brief published ...
Swiss Re, Munich Re and Hannover Re Top List of 40 Largest Reinsurers in 2025: S&P
Swiss Re tops the list of the world's 40 largest reinsurers in 2025, followed by Munich Re and Hannover Re, according to S&P Global Ratings. Berkshire Hathaway Insurance Group comes in at number ...
Exclusive: Applied System Acquires AI-Enabled Risk Digitalization Firm Cytora
Applied Systems announced the acquisition of Cytora, a digital risk processing platform for the insurance industry, in an effort to accelerate connecting the dots within the insurance ecosystem, ...