News
Just One Quarter of Insurers Have Digitized Their Operations: ACORD
Robust integration of artificial intelligence (AI) capabilities can reduce annual expenses by as much as $480 billion in P/C, according to the 2025 edition of the ACORD Insurance Digital Maturity ...
M&As Expected to Pick Up Pace Later This Year
Facing unexpected market volatility and geopolitical uncertainties, normally optimistic dealmakers are sounding a more cautious note for the coming weeks and months but are confident the pace of ...
State of Emergency Declared for Wind-Driven Brush Fire on New York’s Long Island
Fast-moving brush fires fanned by high winds burned through a large swath of land on New York's Long Island on Saturday, spewing thick gray smoke into the sky and prompting the evacuation of a ...
Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes
Florida legislative leaders, facing increasing pressure from the public and the press, last week pledged to investigate property insurers' financial structures. And bills filed before the 2025 ...
Tariffs Will Negatively Affect Insurance Industry, Says AM Best
Analysts at AM Best warned that the planned imposition of U.S. tariffs on imports from Canada and Mexico, along with increased tariffs on China, will have a negative effect on the insurance industry ...
Legislative Reforms to Curb Legal System Abuse Led to Stabilized Florida P/C Market: Triple-I
Florida's legislative reforms to address legal system abuse and claim fraud are stabilizing the state's property/casualty insurance market, according to a new Issues Brief published by the Insurance ...
Daylight Savings Increases Risk of Drowsy Driving: Report
Traffic safety experts warn of an increased risk of drowsy driving crashes as daylight savings time begins this Sunday. The National Road Safety Foundation cautions drivers to be especially aware of ...
Treasury Ends Enforcement of BOI Reporting Meant to Stop Shell Company Formation
The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. In a Sunday evening announcement, Treasury ...
Notable Rating Actions This Week: Westfield and Church Mutual
AM Best has revised the outlook to stable from negative for the long-term issuer credit ratings (long-term ICR) and affirmed the financial strength rating (FSR) of A ...