Industry News
Frozen Pipes Lead to $628M in Losses for State Farm
New analysis highlights just how costly frozen and winter water damage claims can be. From January 2024 through June 2025, State Farm received more than 20,000 claims, totaling over $628 million in ...
California Lawmakers Propose New Regulations as Insurance Battles Linger After Wildfires
Jen Egan is still dealing with the aftermath of the Palisades Fire that damaged the home of her 83-year-old father, Paul, last January. That has meant more than a year of going back and forth with ...
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses
The weekend winter storm that impacted more than 200 million people from more than 24 states is expected to result in total damage and economic losses of between $105 billion and $115 billion, said ...
House Committee Advances Bill to Extend Federal Terrorism Backstop
Looking to ensure the longevity of a worthwhile federal program, the insurance industry has continued to lobby in favor of the TRIA Program Reauthorization Act of 2026. The legislation (HR ...
RLI Inks 30th Straight Full-Year Underwriting Profit
"It's too long to be considered a hot streak." That's how the chief executive officer of specialty insurer RLI delivered the news of his company's unbroken 30-year record of underwriting profits on ...
AI-Driven Threats Driving Spending Plans: AXIS
Nearly 82% of executives surveyed by AXIS Capital Holdings Limited said their organizations plan to increase their cybersecurity budgets over the next 12 months, while ...
CEO Revenue Confidence Hits 5-Year Low: PwC Survey
Only three in 10 chief executives are confident in their companies' revenue growth prospects over the next year, the lowest level in five years, according to a global survey by ...
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut
Days after announcing a deal to equip 10,000 engineers and data scientists at Travelers with AI assistants, the insurance company's leader detailed "differentiating domain expertise" around data and ...