Industry News
Marsh Launches $10B Property Insurance Exchange Stratus
Marsh announced the launch of Stratus on August 26, a property insurance exchange designed to address the complex operational risks of digital infrastructure projects including data centers and ...
State Farm Sued by LA County for Delays, Denials to Fire Victims
Los Angeles County sued State Farm, California's largest home insurer, for alleged delays, denials and underpayments of property damage claims filed by victims of the massive January 2025 wildfires. ...
Aon to Acquire USI for $17B
Aon plc announced it has signed a definitive agreement to acquire USI from KKR and other shareholders for a total purchase price of $17.0 billion. "Combining with USI will establish the premier U.S. ...
As AI Agents Go Rogue, Cyber Insurers Adapt Policies
Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their ...
Florida Man Arrested for $206K Luxury Vehicle Insurance Fraud Scheme
A Florida man was arrested after fraudulently submitting 41 vehicle insurance applications on luxury vehicles that he never owned, according to an announcement yesterday by the state's Chief ...
Latin American P/C Insurers Enter Softer Market but Earnings Stay Resilient
Latin American non-life insurers are moving into a softer part of the cycle, but they are doing so from a position of relative strength. After two years of pricing adjustments in response to the ...
Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves
Londoners are facing historic levels of subsidence risk after five successive heat waves dried out the clay soil on which much of the city is built. Insurance claims tied to subsidence — a ...
Rates, Digital Support Boost Small Business Insurance Customer Satisfaction: JD Power
Small businesses' overall satisfaction with small commercial insurers rose 15 points (to 713 on a 1,000-point scale), driven by improvements in digital support and rates, according to JD Power's 2026 ...