Industry News
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B
Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California's wildfires of approximately $38 billion, or 71 percent ...
Marsh Sues Aon, Ex-Team Leader Over Exit of 20 Construction Surety Employees
Global insurance broker Marsh USA filed suit against competitor Aon and a former Marsh team leader for allegedly poaching key members of Marsh's construction surety team who resigned and moved to Aon ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
AIG: Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S
Some property/casualty insurers talk about experimenting with artificial intelligence to automate call center responses and back-office operations. But that's not the road to turbocharging growth ...
Changing Market Dynamics, Tech Advances Continue to Disrupt Insurance Industry: Report
New technology adoption, evolving business models and emerging investment opportunities are on the horizon, according to Deloitte's "2025 Financial Services Industry Predictions" report. The global ...
Global Q1 Commercial Insurance Rates Drop 3%, but US Casualty Bucks the Trend
Global commercial insurance rates fell 3%, on average, in the first quarter of 2025 following a 2% decline in Q4 2024, according to the Global Insurance Market Index published quarterly by insurance ...
Keeping Humanity Alive in Tech-Forward Insurance Teams
As insurance leaders gain a better handle on the challenges of embracing technology, another challenge is emerging: making sure technology doesn't replace humanity in team building. "The biggest ...
Markel Insurance Restructures Markel Specialty, Appoints Leaders
Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being divided into two business divisions: US Wholesale and Specialty, and Programs and ...
Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive
A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting drivers' information and then selling that data to Progressive. ...