Industry News
Florida OIR Triples the Size of Citizens’ Rate Decrease
With takeouts continuing at a steady pace and more carriers working the Florida property insurance market, state regulators saw fit to more than triple the size of Citizens' Property Insurance Corp. ...
Outlook on Reinsurance Has Changed; Pre-’23 Property Pricing Back: AM Best
AM Best's outlook for the global reinsurance segment is no longer positive, the rating agency announced Monday, citing the uptick in property reinsurance price drops and concerns about casualty ...
Cats, Dogs to Be Covered Under New Progressive Pet Insurance Coverage
Progressive is partnering with pet insurance program provider Companion Protect to offer a new option for pet owners seeking coverage for their four-legged friends, according to an announcement ...
Lloyd’s Appoints Bichard From PwC as CFO, Succeeding Cliff
Lloyd's, the insurance and reinsurance marketplace, announced that Jim Bichard has been appointed as chief financial officer. He will start in April 2026 and will become a member of Lloyd's Executive ...
Thumbs Down on SELF DRIVE Act as Written, Says Industry Trades
Federal lawmakers have begun to discuss numerous pieces of legislation focusing on the evolving automobile industry, with legislation addressing consumer data rights, parts and repair, pedestrian ...
Zurich Makes £7.7 Billion Bid for UK Cyber Insurer Beazley
Zurich Insurance Group AG has made an offer to buy Beazley Plc, valuing the UK-listed cyber insurer at about £7.67 billion ($10.3 billion). The Swiss insurer offered to buy London-based Beazley at ...
10,000 Travelers Employees Get AI Assistants via Anthropic Partnership
Nearly 10,000 engineers, data scientists, analysts and product owners at Travelers are being empowered with personalized AI assistants, Travelers announced in mid-January. In a joint announcement ...
Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates
Two independent claims adjusters in the Southeast have teamed up to create what they say is a quick, low-cost way for property owners to double-check insurance carriers' damage estimates on claims. ...