News
U.S. Insurance Deals Outlook: More, More, More
In mid-December, PwC tallied a surge in M&A deals in the U.S. insurance industry in the second half of 2024, and predicted an active year in 2025 with brokerage and MGA deals leading the way. ...
GlobalData Plc Acquires Celent
GlobalData Plc, a data, analytics, and insights platform, announced last month that the group signed an agreement to acquire research and advisory firm Celent. Celent was previously part of Marsh ...
2025 Report on Road Safety Highlights There’s More Work to Do
A new report highlights current action and recommendations to reduce and/or eliminate road deaths and injuries in the U.S. In 2022, the most recent year with finalized statistics, more than 42,500 ...
E&S Market Sees 21% Compound Growth Within Past 5 Years: Conning
Excess and surplus (E&S) lines of insurance have experienced unprecedented growth, realizing 21 percent compound annual growth rate over the past five years and surpassing $104 billion in ...
California Insurers Required to Increase Home Coverage in High Risk Wildfire Areas
Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in ...
U.S. Labor Agency Releases Final 2023 Injury, Fatality Stats
Last year, there were 5,283 fatal work injuries recorded in the United States, a 3.7-percent decrease from 5,486 in 2022, the U.S. Bureau of Labor Statistics reported. The fatal work injury rate was ...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025
Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with U.S. liability claims increasing by 57 percent during the past decade and nuclear verdicts rising in ...
New Specialty Insurer Says Collector Car Owners Are Being Overcharged
Classic and collector car insurer OpenRoad says that because standard auto insurers continue to recover from unprecedented losses experienced during COVID-19 due to spikes in catastrophic insurance ...