Property and casualty insurance

Carriers and brokers setting AI policies for their operations are addressing bias, managing data and maintaining customers' trust.

Digital Insurance spoke with Jonathan Collura, president and CEO of Specialty Risk RE, about how reinsurers could stabilize the home insurance market in areas affected by natural disasters.

Ergo, the primary insurance business of Munich Re has announced the acquisition of Next Insurance for $2.6 billion.

Markel Insurance names CEO; New CEO of Manulife Asia, plus more career moves.

Increases in car prices in response to U.S. tariffs on foreign goods, potentially ranging from $3,000 to $12,000, has auto insurers ready to act. If premiums double, the increase in drivers going without insurance would force those with insurance to increase liability coverage.

Home safety and insurance interests call for cooperation with government authorities and homeowners to mitigate risks of flood damage.

The top five insurance companies had an average property-and-causalty market share of 6.61% as of December 31, 2024.

After some significant tort reform gains were made in 2023 and 2024, abolishing PIP may no longer be a pipe dream.

While the 22% average increase for homeowners insurance is provisionally approved by California's regulator, the carrier will have to get capital from its parent company to help cover its risks.

Estimates for the financial toll of the blazes range from $30 billion to as high as $250 billion, as homeowners grapple with premium hikes and non-renewals.