Industry News
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, ...
Two Upgrades and a Downgrade: Rating Actions on CinFin, Next, Erie
Actions announced by credit rating agencies early this month included Fitch's upgrade of Cincinnati Financial Corporation's ratings, AM Best's upgrade of Next Insurance US and downgrade of Erie ...
Ryan Specialty Launches New Sidecar to Support Its Delegated Underwriting
Ryan Specialty has formed a new collateralized reinsurance vehicle called Ryan Alternative Capital Re Ltd. (RAC Re). RAC Re will deliver additional capacity to Ryan Specialty Underwriting Managers' ...
Lloyd’s Reports Combined Ratio of 92.5 on Drop in H1 Underwriting Result
Lloyd's first-half underwriting result dropped by half to £1.5 billion ($2.0 billion) from £3.1 billion ($4.2 billion) in H1 2024, which was driven primarily by claims from January's California ...