Insurance

Insured losses from natural catastrophes could soar to $145 billion this year as population growth, urban sprawl and climate change combine to supercharge risks, according to a report by Swiss Re Institute.

The top five insurance companies have an average life insurance market share of 6.01% as of December 31, 2024.

Growth in premiums flattened in the past two years after steep growth, but new MGA entrants in the space could fuel another rise.

Homeowners class action plaintiffs will depend on finding evidence of conspiracy in discovery process, a legal expert said, but the large scope and cost of discovery, as well as difficulty getting a summary judgment, are likely to lead defendant companies to settle.

AI's ability to synthesize large amounts of data is providing key insights for diagnosing cancer and other health-related issues.

By leveraging vast amounts of data from multiple sources, insurers can analyze customer behaviors and risk factors in real time.

Catastrophes significantly increase claim volume and severity, resulting in extended claims cycles and frustrated policyholders.

Chubb CEO Evan Greenberg called for a "coherence of policy" to dispel confusion around President Donald Trump's approach to trade.

Dr. Bradley Heltemes, VP and medical director of R&D at Munich Re Life US, and Dr. Tim Meagher, Vice President and Medical Director Munich Re, Canada (Life) discuss how AI and technology are playing a more prominent role in the life insurance sector and improving cancer patient outcomes.

Nationwide names P&C Business Performance lead; The Hanover's first COO, plus more career moves.

Data from AAA and insights from Driver Technologies onhow UBI, telematics and additional types of technology decrease risky driving behaviors.

A positive work culture and flexibility are two factors attracting Gen Z to insurance agencies, according to a new report from the National Association of Professional Insurance Agents.

The top five insurance companies have an average commercial auto market share of 6.4% as of December 31, 2024.

Consumer Watchdog argues that California's insurance commissioner cannot allow the FAIR Plan homeowners insurance of last resort to pass on half a $1 billion assessment to consumers.

AB 226, a borrowing mechanism bill passed by the state assembly, allows bond issues supporting the homeowners insurer of last resort – but doesn't specify traditional financing or catastrophe bonds. Cat bonds would not have to be paid back. Also, a climate finance policy advisor said, the bill doesn't account for future disaster risks.

Transform legacy systems to address changing workforce and attract digital natives to the insurance industry.

Homeowners who invest in wildfire mitigation measures get no guarantee of breaking even in the form of premium discounts, an insurance attorney points out.

Fifty-one percent of insurance agency employees report feeling burned out, according to research from Liberty Mutual and Safeco.

Independent and mid-sized firms must make strategic choices about where and how to adopt new technologies.

Recent wildfire updates include the Federal Housing Authority's waiving of quality-control reviews and the upheaval of the state's commercial real estate space.