News
Sedgwick: Property Claims Face Delays, Are Growing More Complex
Despite the promise of artificial intelligence and other technology to improve and speed the insurance process, property claims face delays and growing complexity, according to a new report that also ...
US P/C Insurers See Fewer Ratings Downgrades in H1 2026 on Improved Performance
The U.S. property/casualty insurance segment saw substantially fewer ratings downgrades with more ratings upgrades in the first half of 2026 -- mostly related to either poor or improved operating ...
California Tops List of Homes Facing Extreme Wildfire Risk, Mitigation Cuts Risk up to 70%
New analysis classified over one million California homes at very high wildfire risk, while showing that property-level mitigation can cut expected losses by up to 70%, according to data released ...
US States Allege Corteva Spinoff a Bid to Evade PFAS Liabilities
Fifteen US states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company's best assets from tens of ...
Laws to Protect Workers from AI Risks Signed by California Governor
California Gov. Gavin Newsom signed laws Wednesday aimed at protecting workers from the threats of artificial intelligence, including potential job losses and workplace surveillance. The laws ban ...
Zurich Insurance Group Completes Acquisition of Beazley, Names New Leadership for Insurer
Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) acquisition of Lloyd's insurer Beazley, effective Oct. 1. Beazley shares were suspended from the London Stock Exchange on Oct. ...
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years
U.S. homeowners multiperil insurers reversed a $1.3 billion underwriting loss in 2024 to post an underwriting profit of $16.5 billion in 2025 – the line's first underwriting gain since 2019, said ...
Vehicle Theft Continue to Drop, Down 21% in First Half of 2026
Newly released data shows that all 50 states have recorded year-over-year percentage decreases in vehicle thefts during the first half of 2026, according to the National Insurance Crime Bureau ...