Industry News
Progressive Q1 2026 Income Up Nearly 10%
Progressive reported nearly double-digit growth in net income for first-quarter 2026, recording a bottom-line jump similar to the one recorded in last year's first quarter, even as top-line growth ...
Affordability Hits Auto Insurance: Why Claims Are Becoming More Complex
Auto claims and repair are becoming more complex and evolving with advanced vehicle technology, embedded sensors, calibrations, diagnostics and labor dynamics, according to a new report. Although ...
Aon Is Expanding Its Data Center Lifecycle Insurance Program Capacity to $3.5B
Aon plc is expanding its proprietary Data Center Lifecycle Insurance Program (DCLP) with an additional $1 billion, increasing the program's capacity to $3.5 ...
2025 Claim Volumes Drop but Complex Risks Intensify: Verisk Analysis
Lower claims volume in 2025 masks shifting risks from emerging trends, wildfires and targeted auto theft, according to Verisk, a data analytics and tech provider to the global insurance market. ...
Reinsurers Least Successful Acquirers in Industry M&A: Analysis
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for ...
Data Centers Offer a Potential $10 Billion Windfall for Insurers
Soaring demand for insurance coverage related to data center construction is creating a "meaningful growth opportunity" for the industry, outstripping some traditional ...
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model
Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process. Allocations to catastrophe ...
Trump Blockade of Iran Ports Risks Widening War to High Seas
President Donald Trump's threat to blockade the Strait of Hormuz after talks with Iran collapsed over the weekend risks widening a war now entering its seventh week, lifting oil prices and raising ...
Executives on the Move: New Claims Officers at Chubb, RLI
Chubb Limited announced that Kevin Rampe has been named senior vice president, Chubb Group, Global Claims Officer. The appointment is effective immediately. He will also ...