Industry News
Brown & Brown to Acquire Risk Strategies, One80 Parent for Nearly $10B
Brown & Brown Inc. said it has entered into an agreement to buy Accession Risk Management, the parent company of specialty brokerage firm Risk Strategies and wholesaler One80 Intermediaries, for ...
Auto Insurance Satisfaction Rankings: High LTV Customers Most at Risk
"It's Now a Buyer's Market for Auto Insurance, J.D. Power Finds." That headline on top of an announcement about the release of the J.D. Power 2025 U.S. Auto Insurance Study this week summed up a key ...
U.S. P/C Industry Posts $1.1B Q12025 Underwriting Loss: AM Best
Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss of the U.S. P/C industry. According to ...
Erie Insurance Dealing With Network Outage Affecting All Systems
Pennsylvania-based Erie Insurance on Sunday reported it is experiencing a "network outage that is affecting all systems." Customers are unable to access online accounts or reach customer care or ...
Hedge Funds Face California Rebuke Over Role in Wildfire Claims
Hedge funds are facing pushback in California as their bets tied to insurance claims stemming from the Los Angeles wildfires are attacked as unethical. The transactions in focus are tied to so-called ...
InsurTech Slide Targets $2B-Plus Valuation in IPO
Insurance tech company Slide is aiming for a valuation of up to $2.12 billion in its U.S. initial public offering, joining a lineup of insurance companies that have made impressive stock market ...
Homeowners Suing USAA and AAA Insurers Over LA Wildfires
Some homeowners who lost their homes in the Los Angeles wildfires have filed lawsuits against three large insurers over claims payouts they say didn't cover their losses. The lawsuits were filed in ...
Upgrading Legacy Tech Can Be a Risk, But Inaction Is a Bigger One
While the insurance industry has historically been an early adopter of innovation, experts say a reliance on time-tested systems and methods now may be holding the industry back. "Insurance was a ...