Industry News
Executives on the Move at RLI Corp. and Markel
RLI Corp. announced that Chief Financial Officer Todd Bryant will retire on Dec. 31, 2025, following more than 30 years with the company. Bryant joined RLI in 1993 and has served as CFO since 2019. ...
Insurance a Factor in Rise of Annual Homeownership Hidden Costs to $16K: Report
The average homeowner pays $15,979 per year for insurance, maintenance, and property taxes, according to new research from online real estate platform Zillow and home repair project platform ...
Chubb Launches AI-Powered Embedded Insurance Engine in ‘Chubb Studio’
Chubb on Wednesday announced the debut of a new artificial intelligence-powered optimization engine within Chubb Studio, its global technology platform for embedded insurance distribution ...
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown
The National Flood Insurance Program (NFIP) has been reauthorized until the end of January 2026. With the passage of HR 5371, which ended the 43-day shutdown of the federal government, NFIP was ...
Buffett Strongly Backs CEO-Designate Abel, Plans to Keep Berkshire Shares
Warren Buffett on Monday assured Berkshire Hathaway shareholders they need not worry about his upcoming departure as chief executive, giving a full-throated endorsement to his successor Greg Abel and ...
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report
A new survey reveals consumer frustration with auto insurance pricing models and growing support for more transparency in how policies are priced and for telematics. The new research from mobility ...
Bipartisan Legislation Introduced to Retroactively Restore NFIP
Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood Insurance Program ...
Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa
A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond's principal. Jamaica's $150 million cat bond has been the subject of ...