Industry News
Senator Schiff Brings Back Idea of Federal Reinsurance Program
Sen. Adam Schiff recently reintroduced his Incorporating National Support for Unprecedented Risks and Emergencies (INSURE) Act to create a federal catastrophic reinsurance program. The insurance ...
SiriusPoint Announces Arden Partnership, Wildfire Coverage
SiriusPoint Ltd., a global specialty insurer and reinsurer, announced a new strategic partnership with Arden Insurance Services LLC, a U.S. commercial property managing general underwriter. "We're ...
Another Downgrade for State Farm General: S&P Lowers Rating to A-
Earlier this month, Standard & Poor's Global Ratings announced another downgrade for State Farm General Insurance Co., lowering the California company's financial strength rating to A- in spite ...
AIG CEO Zaffino Highlights Integration of GenAI to Create Digital Twin of Business
Are two AIGs better than one? In outlining the work at American International Group (AIG) to integrate generative artificial intelligence, CEO Peter Zaffino said AIG's intent is to "create a digital ...
Most Affordable New Trucks, SUVs to Insure: Mercury Insurance
A new list of the most affordable new trucks and SUVs to insure in 2025 shows Chevrolet once again taking the top two truck spots, while Honda nabs four spots among the top 10 SUVs, according to ...
Former Ironshore, Lexington CEO Kevin Kelley Dies
Long-time industry leader Kevin H. Kelley has died. Kelley was last in the industry with Liberty Mutual Insurance, where he was vice chairman, Global Risk Solutions after joining the company in 2017 ...
Zurich Insurance Reports Record H1 Profit of $4.2B, Driven by Middle Market, Specialty
Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6 percent to a record $4.2 billion and core return on equity hit a best-ever number ...
Neptune Flood: 77% of At-Risk Homes Outside FEMA Zones Have No Flood Insurance
Many homeowners underestimate their flood risk, leaving millions uninsured or underinsured in the face of a rising tide of flood events. A 2025 study from the Federal Reserve Bank of Philadelphia ...