Industry News
Excessive Litigation Causes Surge in Liability Insurance Costs: Marsh McLennan CEO
Excessive litigation and abuse of the U.S. legal system are effectively imposing a tax on the U.S. economy and causing a surge in liability insurance costs, according to John Doyle, president and ...
Why Progressive’s Customer Scores Lag State Farm, GEICO: J.D. Power
When it comes to personal auto insurance, Progressive has been outpacing GEICO and State Farm in terms of growth and posting better loss ratios for years. But customer satisfaction scores are another ...
Marsh McLennan Reports Q2 Organic Revenue Growth of 4%, Down From Q2 2024
Marsh McLennan reported consolidated revenue during the second quarter of 2025 of $7.0 billion, an increase of 12 percent from $6.2 billion in Q2 2024, with underlying (organic) revenue growth of 4 ...
New Workers Comp Benchmarking Tool Will Lead to Refined Risk Analysis, Safer Workplaces
Member insurers in Pennsylvania have a new way to explore workers compensation data and benchmark their performance—without the burden of static reports or time-consuming manual comparisons. This ...
Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves
The Travelers Cos. increased second-quarter net income $975 million for a total of about $1.5 billion, and reversed an underwriting loss posted last year for the same period. Travelers' ...
First-Half 2025 Insured Losses From Natural Cats Hit $100B, Driven by U.S. Events
Global insured losses during the first half of this year were at least $100 billion, with more than 90 percent of that total – or approximately $92 billion – driven by wildfires and severe ...
London Market Brokers, Associations Welcome Move to Create UK Captive Domicile
The UK Chancellor of the Exchequer Rachel Reeves announced that the UK will introduce a captive insurance company regime – a decision that was welcomed by brokers and trade associations across the ...
Report Shows Excessive Heat Pushes Worker Injury Risk Sky High
It may come as no surprise that heat-related worker injury claims rise on hot days, but the magnitude of the increase is an eye-opener. As temperatures skyrocketed during early summer heat waves ...