Industry News
WTW to Acquire Newfront in Deal Worth Up to $1.3B
Broker WTW said it has a definite agreement in place to acquire Newfront for up to $1.3 billion in a move to expand its middle-market reach in specialties such as technology, fintech and life ...
Archdiocese of New York Pledges $300M to Mediate Clergy Sex Abuse Claims
The Archdiocese of New York announced it is establishing a $300 million fund that it intends to use to pay for a global settlement of most of the 1,300 lawsuits it still faces from victims of clergy ...
JD Power: Full Digital Claims Process Drives High Customer Satisfaction
Receiving adequate digital updates is one of the top drivers of customer satisfaction with the digital insurance claims process, but insurers deliver on this key performance indicator just 22 percent ...
Bankers Readying U.S. IPOs at ‘Overwhelming’ Pace Ahead of 2026
Behind the scenes activity in the U.S. IPO market is reaching a fever pitch, according to dealmakers, as companies lured by stock markets near record highs prepare to go public. The industry has been ...
The Latest Launches from Allstate, WTW, Whisker Labs
Allstate launched Allstate Scam Protection to help safeguard workers' finances and fight cyber crime. The product includes a reimbursement of up to $50,000 when money, including cryptocurrency, is ...
Low Volume, High Severity: Verisk Q3 Property Insurance Claims Analysis
A new report from Verisk has found that property insurance claims volume during the third quarter of 2025 was the lowest it has been in the past five years, but claims severity during the period was ...
Water Leaks, Frozen Pipes Top List of Small Business Claims: The Hartford
Damage from water leaks and frozen pipes are the most common insurance claims for small-business owners, while fire claims are the most expensive, according to an analysis of The Hartford's ...
Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Co. Launch
Four surety companies—Chubb, The Hartford, Liberty Mutual and Travelers—announced the launch of a technology company that will feature a shared digital infrastructure to advance the surety ...
Swiss Re Shares Drop After New Profit Target Falls Short of Expectations
Swiss Re shares dropped 7.5 percent on Friday after the world's second-largest reinsurer announced a new profit target that fell short of market expectations.
The ...