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‘Too Much Space,’ Says State Farm CEO on Shuttering Corporate HQ
State Farm will be moving 13,000 of its 62,000 employees who now work in its Corporate Headquarters and the Illinois Operations Center in Bloomington, Ill., to another location— Corporate ...
Is Commercial Auto Having Its ‘Sprinkler Moment’?
The commercial auto insurance industry may be approaching a tipping point, and dashcams are at the center of it. Telematics-based safety programs are increasingly ...
P/C Industry Loss Reserves Redundant by More Than $20B: Assured Research
The year-end 2025 carried loss reserve position for the property/casualty insurance industry is more than $20 billion redundant, according to a loss reserve analysis published this week by Assured ...
Using Aerial Imagery in Insurance and Related AI: Emerging Regulatory Themes
As more insurers integrate aerial imagery into underwriting, rating and claims workflows, state insurance departments are responding with a growing body of guidance. ...
Hacked Hospitals, Hidden Spyware: Iran Conflict Shows Digital Fight in Warfare
As they fled an Iranian missile strike, some Israelis with Android phones received a text offering a link to real-time information about bomb shelters. But instead of a helpful app, the link ...
Four Moves That Will Keep Midsize Mutuals Competitive
Mutual insurers have always done something the industry at-large can't: They've put discipline and policyholder trust at the center of the business.
"Overdone," Goldman Sachs calls the average 9% drop of insurance brokers' stock last month. The selloff was attributed to news that technology firms Tuio and Insurify ... Discussion in the insurance industry has often centered on whether AI will replace people, but the more pertinent question is how it is changing broking and underwriting ... Advances in AI, especially Gen AI and Agentic AI, are creating significant opportunities but also sharpening a critical question for insurers: just because a process can ... Could a market that facilitates millions in wagers on how many times Vice President JD Vance claps during a State of the Union address, or whether Elon Musk will finally ... Research estimates the accumulated cost of deferred maintenance across U.S. public infrastructure alone at $1 trillion. That figure captures only what governments own and ... In a prior article, "The Trillion-Dollar Gap: How User-Centered Design Built Tech's Giants—and Why Insurance Must Follow," we solidified the case for design in the ... The 2026 cyber market is already challenging, and how insurers face these challenges will be a turning point for the industry, according to Coalition CEO Joshua ... We live in risky times. War with Iran, the ongoing conflict between Russia and Ukraine, Mexican cartels—global tensions are at an all-time high. The Department of State ... Merritt Farren, a former high-ranking legal executive at Disneyland and Amazon, has launched a bid to become California's next insurance commissioner. His platform ... The final tally for the 2025 North Atlantic hurricane season ended up including eight tropical storms, one category 4 hurricane (Gabrielle) and three category 5 ... Even with highly extensive training, the human brain is not really capable of performing two tasks simultaneously. Moreover, even the ... Runaway jury awards, known as Nuclear Verdicts®, have been an escalating problem for years. By our count, between 2023 and 2025, American juries awarded over $71 billion ... Growth has returned to the boardroom agenda for insurers, but this time under far less forgiving conditions. Softening property and ... Insurers have built an industry around models that are inherently stable. You assess risk over time, price it in cycles and adjust it with a degree of ... The insurance industry is haunted by a persistent narrative: unless every system is rewritten, replatformed and reimagined by next Tuesday, the enterprise architectural ... What if your car insurance reflected how you actually drive, not just who you are? That question is no longer hypothetical. Executives still talk about insider threats as if the danger begins and ends with a disgruntled employee stealing data on the way out. But the modern version of the ... Meta shut down internal research into the mental health effects of Facebook after finding causal evidence that its products harmed users' mental health, according to unredacted ...
More Insurance M&A Deals on the Horizon?
Two firms tracking mergers and acquisitions in the insurance industry reported changes in property/casualty insurance deals last year, with one describing "increased momentum" and another ...
U.S. E&S Growth Slows Again; Declining Berkshire Volume Tops Leaders
A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 7.8% in 2025, marking the first single-digit growth rate ...
Allstate Joins Mobile Insurance App Leader GEICO; Top Carriers Expand Telematics Services: Keynova
Keynova Group, a competitive intelligence firm that benchmarks consumer financial services, including insurance, announced that Allstate now ties with GEICO for the distinction of having the top ...
Loss Trends Outpacing Pricing Assumptions: Other Liability Analysis
The U.S. insurance industry saw $7.3 billion of adverse loss development in the other liability (occurrence) line during 2025, with more than half of the total coming from recent accident years, ...
Investor Chicken Little and the AI Sales Channel: OpenAI Insurance Apps Trigger Uncertainty
Executive Viewpoint: How AI Is Changing the Role of the Insurance Broker
How Insurance Leaders Can Leverage AI Without Sacrificing Trust
Predicting the Insurability of Prediction Markets
Insurers Using Advanced Analytics and AI See Strong Returns: Report
A new survey finds that property and casualty (P&C) insurers in North America and Canada that invested more resources in advanced analytics and AI achieved greater profitability and premium ...
How Insurance Can Turn Maintenance Into Measurable Competitive Advantage
Deep or Shallow? Previewing the 2026 Soft Market
An impending soft market doesn't necessarily mean that last year's stunning profits for the property/casualty insurance industry are going to vanish in 2026, according to a research analysis who ...
Safety System Failed to Prevent Deadly Runway Collision at LaGuardia Airport
The systems in place at New York's LaGuardia Airport to prevent ground collisions failed to keep an Air Canada jet from smashing into a fire truck that had just pulled out on the runway as the plane ...
First Atlantic Hurricane Forecast for 2026 Suggests Season Close to 30-Year Norm
Last month, Tropical Storm Risk issued its first prediction for the 2026 Atlantic Hurricane Season, with three intense and seven total hurricanes expected. The seasonal prediction, which also ...
Liberty Mutual ‘Shifting from Fixing to Building’ in 2026, CEO Says
Liberty Mutual's underwriting results across its businesses came in ahead of targets the company set three years ago when the business was unprofitable, the chief executive reported yesterday, also ...
Reinsurers Least Successful Acquirers in Industry M&A: Analysis
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for ...
Myth vs. Reality: How Insurers Compete With Tech Giants on Customer Experience
AM Best Analysis: P/C Industry Soared in 2025. Will It Fly as High in 2026?
Building off momentum from the previous year, the U.S. property/casualty (P/C) industry recorded a $61 billion underwriting gain in 2025—nearly triple the $22 billion recorded in 2024. With nearly ...
Cyber Insurance Faces a Turning Point in 2026 as Soft Market Pressures Grow
State Farm Inked $1.5B Underwriting Profit for 2025; HO Loss Persists
State Farm reported an underwriting gain of $1.5 billion for its property/casualty businesses in 2025, representing a turnaround from an underwriting loss of more than $6 billion in 2024—and more ...
Traveling for Business? Don’t Forget to Pack Your Emergency Preparedness Plan
Reinsurance Program Could Wipe Out Need for Calif. FAIR Plan: Legal Exec
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force
Farmers Insurance has announced a plan to grow its agency force over the next year, and expects to appoint nearly 1,700 new agency owners—one of the largest single-year expansions in Farmers' ...
Vehicle Customization, Strong Used Car Market Create Headache for Auto Underwriters
The sheer number of vehicles with unique configurations, along with a volatile used car market, is disrupting accurate insurance valuation and cutting into insurer profits, according to a new report ...
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the North Atlantic?
Verisk, APCIA See ‘Reset’ Rather Than New Normal in Stellar ’25 Results
In a joint report of U.S. property/casualty insurance industry financial results yesterday, Verisk and the American Property Casualty Insurance Association revealed the same eye-popping level of ...
Study Shows Limits of Multitasking
Four Practical, Data-Backed Steps for Preventing Nuclear Verdicts®
2025 Claim Volumes Drop but Complex Risks Intensify: Verisk Analysis
Lower claims volume in 2025 masks shifting risks from emerging trends, wildfires and targeted auto theft, according to Verisk, a data analytics and tech provider to the global insurance market. ...
The List Is Growing: More Insurance Apps on ChatGPT
Neptune Flood announced the launch of a digital flood insurance app in ChatGPT yesterday, but the data-driven MGA isn't the only new name on a growing list of available ChatGPT insurance apps. A ...
From Volatility to Value: How Carriers Can Build Durable Growth
Owner, Operator of Ship That Crashed Into Baltimore’s Key Bridge Settles With State for $350M
Maryland has settled with the owner and operator of the massive cargo ship that crashed into a Baltimore bridge two years ago, causing its deadly collapse, state officials announced Thursday. The ...
Executive Viewpoint: Why Insurers Are Struggling to Keep Pace With Risk
Four More Injuries Tied to Hyundai Palisade SUV Rear Power Seat Recall
Hyundai Motor said on Friday it has reports of four minor injuries because rear power seats in new Palisade SUVs may trap a person, as sales remained halted after an incident earlier this month in ...
NY Lawmakers Urged to Have Faith in Auto Insurance Reform Numbers. But Do They?
New York small businesses, big businesses, rideshare companies, police and fire unions, insurers, insurance agents, truckers, bus companies, auto repair shops, university professors, district ...
How Modern Is ‘Modern Enough’ for Insurance Applications?
Hail a Growing Loss Driver on Rising Tide of Severe Convective Storms, Allianz Says
Hailstorms drove record insured damages as severe convective storms are becoming more common and damaging, popping up in new places—and even storms producing small hailstones are posing unforeseen ...
Telematics and Trust: How Usage-Based Insurance Is Transforming Auto Coverage
The Enemy Within: Insider Threats Are Hard to Detect, Harder to Predict
Meta Buried ‘Causal’ Evidence of Social Media Harm, Court Filings Allege
Headlight Glare a Real Pain for 6 in 10 Drivers: Survey
A new survey finds that worsening headlight glare raises road safety concerns, with 73% reporting the problem has intensified over the past decade, according to AAA. "Headlight glare has become a ...
Hippo, Progressive Embark on Strategic Distribution Relationship
InsurTech Hippo announced that its homeowners insurance products have been added to Progressive's HomeQuote Explorer, available online and through Progressive in-house agents in eight states. Hippo ...
$20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover
The Trump administration's $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is designed to get ships moving through the Strait of Hormuz. But, ...
Viewpoint: Driving Sustainable Underwriting Performance With Data and Discipline
International insurance markets are entering a new phase of the cycle. Rates have become increasingly competitive across the majority of business classes for some time, with recent market reports ...
Devastating Hawaii Kona Storms Cause Estimated $1B in Losses
Hawaii's multi-day storm event last month resulted in swaths of heavy rain totaling up to 25 inches in some areas, according to analysis by Marsh's Guy Carpenter. Subtropical weather systems, known ...