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The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’
You'd have to roll back the calendar a few decades to find a time when competitive moves by the nation's biggest auto and home insurer were described with the phrase, "The big dog is off the porch." ...
Rational Market? How About ‘Dumb’ and ‘Bizarre’?
Industry executives who described insurance and reinsurance markets as "rational" in the not-so-distant past are now using words like "dumb" and "bizarre" to characterize soft-market competitor moves ...
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025
Providing its annual report of hail-related claims, State Farm said that it paid out $5.6 billion nationally for such claims in 2025, and $1.4 billion in Texas alone. The giant insurer's report on ...
Executive Viewpoint: How AI Is Changing the Role of the Insurance Broker
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 ...
Details TBD: Berkshire’s Jain, Abel Describe Tokio Marine Strategic Pact
Some details of a long-sought-after partnership with Tokio Marine aren't precisely defined, instead relying on the good faith dealings and reputation of the Japanese insurance giant, Berkshire ...
Executive Viewpoint: Why Insurers Are Struggling to Keep Pace With Risk
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 ...
Growth Going to be Hard: Abel Talks GEICO, Berkshire Tech Transformation
"It's not going to be easy to just restart the growth engine." Berkshire Hathaway Chief Executive Officer Greg Abel was referring to a challenge ahead of auto insurer GEICO during the annual meeting ...
AI for the Defense: Should Insurers or Law Firms Pay?
The idea that AI tools can help plaintiffs' lawyers to improve finely tuned litigation strategies that ultimately drive insurance company claims payouts is not new to ...
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 ...
Executive View: AI Strategy in Insurance Requires Plug-and-Play Operating Model
The insurance industry is entering a phase of artificial intelligence (AI) adoption where the primary constraint is no longer capability. Most core use cases, including submission intake, ...
100-Year Hurricane in NYC Could Cost Insurers More Than $100B: KCC
A 1-in-100-year hurricane event in New York City could cost insurers more than $100 billion, according to an analysis by Karen Clark & Co (KCC). And a 1-in-250-year ...
Severe Convective Storm Losses Surge
Severe convective storms (SCS) were once referred to by the insurance market as a secondary peril. This classification has since changed to "frequency peril," as in ...
The Adjuster Role Is Changing, and Training Needs to Account for It
The insurance industry has invested heavily in technology to improve the efficiency and thoroughness of claims operations. And it's working. AI and automation are ...
The Insurance Affordability Squeeze: Why Auto Carriers Are at an Inflection Point
For many drivers, auto insurance has quietly become one of the fastest‑rising household expenses—one they can no longer absorb without trade‑offs.
The insurance and reinsurance industry is facing a sustained increase in catastrophic and location‑based risks from extreme weather and natural catastrophes to ... As artificial intelligence and automation become faster and more precise, insurance industry leaders are finding that the differentiator isn't just better technology but ... Apple Inc.'s new chief executive officer joined the iPhone maker 25 years ago and was tapped for the top job at age 50. While that would have been a common trajectory for ... 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 ... Meta is installing new tracking software on U.S.-based employees' computers to capture mouse movements, clicks and keystrokes for use in training its artificial-intelligence ... The property/casualty insurance industry has made artificial intelligence a top strategic priority for three consecutive years. It has invested accordingly. And it has, ... 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 ... 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 ... What if your car insurance reflected how you actually drive, not just who you are? That question is no longer hypothetical. Judging by a slew of recent corporate announcements, your next "co-worker" might be an artificial intelligence agent – doing the work of an assistant, job scheduler, ... A US citizen who was infected with hantavirus from the Hondius cruise ship is being cared for in a biocontainment unit in Nebraska, US health officials said Monday, while ...
Berkshire, Cyber Risk and the Strait of Hormuz: Insurability Hinges on Price
During the recent Berkshire Hathaway annual meeting, Chief Executive Officer Greg Abel told shareholders that the conglomerate's decisions on investments and acquisitions depend on several factors, ...
How Insurers Are Using AI to Manage Rising Catastrophic and Accumulation Risk
NASA Satellite Images Highlight How Fast Mexico City Is Sinking
Mexico City is sinking by nearly 10 inches (about 25 centimeters) a year, according to new satellite imagery released this week by NASA, making it one of the world's fastest-subsiding metropolises. ...
Insurance’s Data Problem Comes Into Focus at Hormuz
In recent weeks, the Strait of Hormuz has forced the marine insurance market into real-time decision making. War-risk premiums have moved by multiples in days. Notices of cancellation have triggered ...
Analysis: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk
It's been more than two years since I wrote an analysis based on Surplus Line Association of California insight and data for an Insurance Journal article that the state's homeowners insurance market ...
How Leaders Can Maintain Humanity in the Modern Insurance Era
Independent Agents Can Get Appointed to Sell Root Auto Insurance in One Day
Although InsurTech Root has talked more about embedded partners than agents in the years since announcing it would add an independent agency distribution channel, the car insurer has been working to ...
More Than a Dozen U.S. States Consider Temporary Data Center Bans
Maine lawmakers have approved a bill potentially making it the first U.S. state to impose a moratorium on new data centers, a move seen as a test case amid growing local opposition to large ...
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI
The world's largest insurance brokers recently found themselves caught in an "AI scare trade" after news that Tuio home insurance would soon be available via ChatGPT. Shares fell sharply, as ...
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. ...
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 ...
Analysis: Japanese and Korean Insurers to Accelerate M&As in the U.S. and Globally
Insurers in Japan and Korea have shown unprecedented demand for M&As and strategic investments overseas in the past few years, targeting opportunities in both developed and emerging markets. ...
California Takes Action Against State Farm Over LA Wildfire Claims
Late last month, State Farm General Insurance Company announced enhanced commitments to customers impacted by the 2025 Los Angeles Wildfires, but the California homeowners insurer's actions were too ...
Travelers to Expand Homeowners Insurance Offering in California
The Travelers Companies said it intends to expand its homeowners insurance offerings across California. Travelers notified the California Department of Insurance it intends to expand homeowners ...
CEOs in Their 60s Are New Norm With Companies Picking Older Bosses
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the North Atlantic?
Meta to Capture Employee Mouse Moves, Keystrokes to Train AI: Reuters
Executive Viewpoint: One AI Won’t Save You
Study Finds Potential for Double West Coast Earthquake Threat
New research suggests the Cascadia subduction zone and the San Andreas fault can "sync up," triggering earthquakes within minutes or hours of each other. This rare "synchronization" could ...
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law
Did you hear that Florida's 55-year-old "no-fault" auto insurance statute has been repealed? Most people in the Florida insurance industry probably know that is not true. But a number of recent ...
Balancing Authenticity and Compliance in Creator-Led Insurance Marketing
Most property and casualty insurers do not question whether creator-led marketing works. The issue is control. The format introduces something traditional advertising lacks: lived experience. A ...
Arizona Brush Fire That Burned 1138 Acres 45% Contained
The Hazen Fire that began on the evening of May 2 near Buckeye, Arizona, has reportedly begun to be contained, according to an alert by the Western Fire Chiefs Association. Several fire departments ...
‘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 ...
New Study Suggests Federal Action to Cut Rising Insurance Costs
A new analysis suggests Americans are being overcharged by $150 billion annually to insure their homes, autos, and businesses — and it proposes federal guardrails so that a public beset by ...
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 ...
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 ...
Damage Still Being Assessed After Wisconsin Storms, Tornadoes
The strong storms that stranded cars and caused structural damage to at least 75 homes in Wisconsin last Friday were caused by several tornadoes, according to a preliminary report by the National ...
Reinsurance Program Could Wipe Out Need for Calif. FAIR Plan: Legal Exec
Wall Street Law Firm Apologizes for AI ‘Hallucinations’ in Court Filing
Sullivan & Cromwell, a premier Wall Street law firm, apologized to a federal judge for submitting a court filing with inaccurate citations and other errors generated by artificial intelligence. ...
How Insurance Leaders Can Leverage AI Without Sacrificing Trust
Telematics and Trust: How Usage-Based Insurance Is Transforming Auto Coverage
Manufacturing Industry Top Target of Costly Cyber Attacks: Report
A review of five years' worth of proprietary claims data reveals just how vulnerable manufacturers are to cyber attacks and the high cost of disruptions, according to Resilience, which found more ...
So, Your New ‘Co-worker’ Is an AI Agent – Here’s How to Make the Best of Your Human-Machine Relationship
IBHS Wildfire Prepared Program Expands to 10 More States
Fourteen — that's the total number of states that will now have access to the Insurance Institute for Business & Home Safety's Wildfire Prepared designation program.
US Citizen Infected With Hantavirus Now Isolated in Nebraska
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 ...