Industry News
Katrina 2005-2025: Property Policy Evolution
Hurricane Katrina made landfall on August 29, 2005, with the eye of the Category 3 hurricane centered on Bay St. Louis, Miss., though the storm is remembered largely because of the devastation to New ...
20 Years Later, Hurricane Katrina’s Impact Echoes in Models, Mitigation and Reforms
Twenty years after Hurricane Katrina swamped parts of Louisiana and Mississippi, the property insurance sector is better prepared for another catastrophic storm and the litigation that may follow, ...
Crum & Forster Upgraded to A+; Aspen, Sompo Ratings Under Review
Notable announcements on insurance company financial strength ratings last week included AM Best's upgrade of Crum & Forster Insurance Group, and various rating agency announcements about a ...
Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access
Sompo Holdings said a wholly owned subsidiary of Sompo International Holdings has an agreement in place to acquire Aspen Insurance Holdings for about $3.5 billion to further its geographical reach ...
TransUnion: Aggressive Shopping Continues for Home, Auto Coverage
More and more consumers are looking for lower prices to protect their investments as the costs of owning both properties and vehicles continue to rise. According to the Q3 2025 Insurance Personal ...
Another HO Insurer, Viceroy, Approved for Florida Market, Regulators Say
Yet another property insurance carrier has been approved to do business in Florida, this one a sister company to Monarch National Insurance, based in Tallahassee. Viceroy Preferred Insurance Co. is ...
‘Big Four’ Reinsurers Maintain Property-Cat Appetite, Despite Signs of Rate Softening
Europe's four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – are maintaining their appetite for property-catastrophe risks as well as their ambitious profit targets for 2025, ...
Farmers Insurance Data Breach Could Impact More Than a Million Customers
A recently discovered data breach may impact more than one million customers of Farmers Insurance, warned a recent notification to Maine's attorney general. Farmers Insurance Exchange, Farmers Group ...