News
Why a Quieter Hurricane Season May Not Guarantee Good News for Insurers
For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes. Still, decades of population growth along coastal areas and rising property ...
Fire Risk Recalls Grow as More Than 500,000 Ford Broncos Affected
Ford Motor Co. is recalling more than half a million Broncos because a wiring harness in the engine compartment can short-circuit, increasing the risk of fire. Ford said Thursday that 565,691 Ford ...
Root Expands Its Telematics Car Insurance to New Jersey, Its 37th State
Technology-driven insurer Root has launched its behavior-based car insurance in New Jersey, marking its 37th state. Using mobile telematics, Root calculates its rates primarily on actual driving ...
Global Commercial Insurance Rates Keep Falling; Down 8 Quarters in a Row
Global commercial insurance rates dropped by 6%, on average, in the second quarter of 2026, following a 5% decline in Q1 2026, according to Marsh's latest Global Insurance Market Index (GIMI). ...
This Year’s SCS Loss Totals Will Fall Below Average: KCC Analysis
According to a bulletin published by KCC, the risk modeling firm projects that severe convective storm losses for all of 2026 will drop below annual averages based on loss activity accumulated so far ...
Mapfre to Acquire Safety Insurance in $1.5B in Cash Deal
Safety Insurance Group Inc,, a property/casualty insurer in Massachusetts and New England, has agreed to be acquired by Spain's Mapfre S.A. in an all-cash transaction valued at approximately $1.54 ...
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent
It's no surprise given the penetration of artificial intelligence into lives and businesses that it appears insurers are gearing up to exclude AI risk in some of their commercial liability policies. ...
Deja Vu as Berkley Calls Out MGUs During Quarterly Call
W.R. Berkley's CEO wasted no time addressing the issue that has been stuck in his craw for at least a year. "We continue to have great concern around much of the MGU [managing general underwriter] ...