Property and casualty insurance

Clearwater Analytics acquires Beacon; Earnix buys Gen AI provider, plus more insurtech news.

Berkshire's Vice Chair of Insurance Operations Ajit Jain said Geico reduced the insurer's headcount from approximately 50,000 to roughly 20,000, though he didn't specify the time period for the reductions.

Representative of the state's insurance industry tells regulator that insurers have to pass on the cost to stay solvent. Comments on the proposal are open through May 5.

Nick Gerhart, executive VP at the insurer specializing in funeral and end-of-life coverage, spoke about its technology advances, and the role of insurtech on a broader scale in the industry.

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.

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.

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

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

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.