Industry News
California Insurance Commissioner OKs Upping Workers Comp Pure Premium 10.4%
California Insurance Commissioner Ricardo Lara approved workers compensation advisory pure premium rates that average 10.4% higher than last year. The Workers' Compensation Insurance Rating Bureau of ...
Soft P/C Market May Be Shallower Than Previous Cycles: Swiss Re
Global insurance premium growth is expected to slow sharply this year due to geopolitical uncertainty, supply chain disruption and continued inflation, according to Swiss Re Institute's latest sigma ...
California Bill to Let Insurers Use Driver Telematics Mulled by Legislature
A California bill to enable carriers to offer auto insurance discounts for good driving behavior is making its way through state Legislature. Assembly Bill 311 would amend the state's bedrock ...
Four Insurers Join Ward’s Annual Top 50 P/C Ranking for 2026
Property/casualty insurers have started to broadcast the fact that they earned spots on Ward's list of 50 top-performing insurance companies for 2026, but only one was named for 36 straight ...
Executives on the Move at AXA XL, Chesapeake, AIG, Aon
AXA XL appointed Matt Rodliff as chief claims officer, Americas, effective July 13. Rodliff succeeds Jim DiVirgilio, who has announced his retirement effective at the end of July. DiVirgilio served ...
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI
Allianz SE plans to eliminate hundreds of positions at its assistance and travel insurance subsidiary Allianz Partners as the company pushes forward with implementing artificial intelligence ...
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits
A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter's wealthy Palm ...
Changes in Policy Language, Provisions Suppressing Claim Volume: Report
U.S. claim volume fell 8.9% from last year, with total claims dipping 13.1% below the five-year average, despite several large catastrophe events, a new report shows. What's driving the trends isn't ...