News
Fitch Revises Global Reinsurance Sector Outlook to ‘Deteriorating’ on Rising Competition
Fitch Ratings has revised its outlook for the global reinsurance sector to "deteriorating" for 2026 from "neutral" for 2025, reflecting its expectation that underlying operational and business ...
U.S. P/C Insurance Industry First-Half Underwriting Profit Triples
The U.S. property/casualty insurance industry recorded a net underwriting gain of $11.5 billion and net income of $49.1 billion for the first half of 2025, according to a new report. "The lack of any ...
‘Do Not Drive’ Recalls Spike 65% Since Summer 2024
The number of critical "Do Not Drive" recalls has jumped more than 65 percent since the summer of 2024, to 725,000, according to newly released CARFAX data. Automakers working with the National ...
Lawmakers Say Trains Carrying Flammable Cargo Should Be Subject to More Safety Rules
When a BNSF freight train carrying six cars of liquefied petroleum gas derailed near Manuelito, New Mexico, in 2024, the resulting fire shut down more than 100 miles of an interstate highway. The ...
As Hurricane Season Continues, FEMA Hiring Freeze Extended Through 2025
The U.S. Federal Emergency Management Agency has extended a hiring freeze through at least the end of this year, according to three sources familiar with the matter, as the peak of hurricane season ...
Insurers Face Average Annual Loss of $152B From Natural Catastrophes: Verisk
Verisk estimates that the global insured average annual property loss (AAL) from natural catastrophes has risen to $152 billion, with two-thirds of potential losses ...
Caffrey to Become CEO of White Mountains in 2026
White Mountains Insurance Group Ltd. has unanimously elected Liam Caffrey as chief executive officer, effective Jan. 1, 2026. He will also join the White Mountains Board ...
The Year So Far: Liberty Improves Most Among Nationals; Discipline Tested
A Carrier Management summary of earnings metrics for the year so far reveals a second-quarter average combined ratio of roughly 88, and a year-to-date ratio of just under 92 for a cohort of 27 ...