Insurance

Tokio Marine HCC announced Mike Schell, president of the company, will retire at the end of March.

By prioritizing strategic technology investments, MGAs can ensure long-term success and continued growth in an ever-evolving market.

The report, based on home insurance price and availability data collected by the association of state regulators from private insurers last year, confirms rising costs and non-renewals, and the impact of climate change on these increases. The U.S. Treasury's insurance office stopped short of publicly releasing the data used for the report.

Research reveals three key areas where an empathy-first approach from carriers can mitigate stress and improve the overall policyholder experience.

For wealthy and ultrahigh net worth clients, the advantages often prove very attractive. But the policies carry some sophisticated planning challenges and a high cost.

Insurance industry economic cycles match premium increases more than litigation judgments do, an advocate for civil justice for consumers says.

Patra provides services for property and casualty, employee benefits and commercial insurance.

The rise of private credit will continue to benefit US life insurers, whose growing investments in the asset class bolster returns, allowing for more aggressive pricing, according to Moody's Ratings.

Chubb Ltd. agreed to acquire Liberty Mutual Holding Co.'s businesses in Thailand and Vietnam in a deal that would help it boost its presence in Southeast Asia.

The jump, which represents an ICE Mortgage Technology survey high, reflects the past cost of natural disasters like hurricanes in the Southeast.

Artur Wisniewski, the new COO of Allianz Trade, talks about how the trade credit arm of the insurer, which covers corporate business transactions, developed a new platform to improve claims and premium collection.

As the auto insurance industry faces tariff turbulence, it could serve as a potential catalyst for innovation and adaptation.

California leads the nation with over 1.5 million at-risk properties, but many threatened homes sit east including $68 billion worth of Florida real estate.

Embedded insurance complements traditional channels by reaching previously inaccessible customers with simple, digital-first products.

The rapid rise in the cost of both insurance coverage and taxes leaves close to half of homeowners worried about their ability to make payments.

Many homes that burned in the Eaton Fire lay outside the boundaries of state- or local-designated "very high" fire hazard severity zones, Bloomberg Green found after analyzing inspection reports by the California Department of Forestry and Fire Protection, or Cal Fire, for more than 20,000 residential properties in areas affected by the recent wildfires.

The three largest property and casualty insurtech deals had an average round amount of more than $50 million, according to CB Insights.

Zurich expands U.S. middle market; QBE, InnSure and Salem, Massachusetts partner on flood risk pilot, plus more insurtech news.

Wildfire presents a significant challenge to California's property insurance market, and the impact is becoming more frequent and costly over time. Recently, we examined the current state of the California (CA) homeowners insurance market by exploring key components of the ecosystem, including the role of regulators, the CA FAIR Plan, and the involvement of the surplus lines markets, as well as current developments and potential implications of the fires in Los Angeles.

Mitchell's collision insights report reveals 2024 trends in battery electric vehicle claims.