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 ...
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 ...
Draft Memo Indicates FEMA Plan Requires Nearly All Staff Be Deployed
The U.S. agency that manages disasters plans to require nearly all employees, including full-time headquarters and regional staff, to be deployed to emergency zones, according to a draft memo to ...
750,000 Takata Airbags Replaced in 12 Months; 5.7M Cars Still At Risk
More than a decade since the National Highway Traffic Safety Administration (NHTSA) launched a nationwide recall of Takata airbags, 5.7 million vehicles across the U.S. still carry these defective ...
Jury Decides Norfolk Southern Should Pay $600M Settlement in 2023 Ohio Derailment
The company that owned the rail car that caused the devastating East Palestine train derailment in 2023 won't have to help pay for the $600 million settlement Norfolk Southern agreed to with ...
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 ...