Industry News
U.S. E&S Outlook No Longer Positive: AM Best
AM Best has revised its market segment outlook on the U.S. excess and surplus lines segment to stable from positive, the rating agency announced in mid-November. The change comes as rates soften and ...
Most Consumers Aware and Worried How Litigation Increases Insurance Cost
The message appears to be getting through to consumers: Excessive insurance litigation is not good for insurance costs. According to a new survey from the Independent Insurance Agents & Brokers ...
‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3, Says CIAB
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the third quarter of 2025 rose by 1.6 percent, as ...
Farmers Eliminating Homeowners Insurance Policy Cap in California
Farmers Insurance announced it will eliminate the cap on the number of homeowners insurance policies it offers in California. The move is part of a new filing, and the cap removal is effective ...
Meta Buried ‘Causal’ Evidence of Social Media Harm, Court Filings Allege
Meta shut down internal research into the mental health effects of Facebook after finding causal evidence that its products harmed users' mental health, according to unredacted ...
AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus
American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive's employment ended before he joined the firm. The insurer will pay ...
Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies
Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. "Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in ...
Best Quarter in a Quarter Century: S&P GMI U.S. P/C Q3 Analysis
With a combined ratio of 89.1 for third-quarter 2025, the U.S. property/casualty insurance industry had its best quarter in at least a quarter of a century—and maybe longer, S&P Market ...
Executives on the Move at Chubb, Everest Group
Chubb announced that Bill Hazelton has been appointed to Chief Operating Officer for North America Field Operations, effective Dec. 1, 2025.