Industry News
Allianz Life Says Majority of U.S. Customers’ Data Stolen in Hack
U.S. insurance giant Allianz Life said on Saturday that hackers stole the personal information of the majority of its customers, financial professionals, and select Allianz Life employees in the ...
New Expert Report Cites 6 Urgent Actions to Address Insurance Crisis
California is in the midst of an insurance crisis, and a new report highlights several contributing factors, including the unsustainable growth of the FAIR Plan, the state's prolonged rate filing and ...
Fewer Insureds Shopping, More Switching, Says JD Power
Shopping slowed, but switching endures. That's according to a recent report from J.D. Power, assessing insureds' shopping habits for auto, home and renters insurance in Q2 2025. Overall shopping ...
Some Large Accounts Start Seeing Chubb’s Back as It Focuses on Middle, Small
The global middle market and small commercial is where it's at for Chubb, according to its CEO. "The pattern of growth and opportunity continues," Evan G. Greenberg said on a call with analysts to ...
Green Bond Issuance Dives Almost a Third Amid Global Climate Backtracking
The amount of "green" bonds sold by governments, banks, and companies has slumped by almost a third this year amid the rollback of climate change policies in the United States and Europe, new figures ...
Executives on the Move at Everest, MS Amlin and Aspen
Everest Group Ltd., the Bermuda-based property, casualty and specialty re/insurer, announced the promotion of Jill Beggs to executive vice president and chief executive officer of Reinsurance, ...
Global Commercial Insurance Rates Drop 4% but Casualty Rates Are Rising: Marsh
Global commercial insurance rates fell 4%, on average, in the second quarter of 2025 following a 3% decline in Q1 2025, according to the latest Global Insurance Market Index released by Marsh, the ...
Chubb Q2 Net Income Jumps 33% on Premium Growth, Underwriting
Chubb followed up a challenging first quarter due to the California wildfires with second-quarter net income of nearly $3 billion, up about 33 percent compared to the same quarter a year ago. ...