Industry News
KCC Estimates Privately Insured Losses From Hurricane Melissa Will Hit $2.4 Billion
Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured damages to residential, commercial, and ...
Lemonade Books Q3 Net Loss of $37.5 Million
InsurTech Lemonade reported a third-quarter 2025 net loss of about $37.5 million compared with a loss of $67.7 million a year ago during the same time. Revenue and gross profit increased 42% and ...
Making Auto Insurance Affordable: Industry Executives Celebrate Florida Reforms
During earnings conference calls this week—one on Election Day, and the other two days later—leaders of two large personal lines insurers commented on affordability issues, highlighting the ...
AXA Announces Death of Its Founder Claude Bébéar at 90
AXA announced that Claude Bébéar, its founder and honorary chairman, has passed away at the age of 90. In less than one generation, Claude Bébéar transformed "a small mutual insurance company in ...
Preliminary Hurricane Melissa Estimates Tally Insured Losses Between $1.5B-$5B
As Jamaica and Cuba continue to pick up the pieces in the aftermath of Hurricane Melissa, the third Category 5 hurricane of the 2025 Atlantic season, new insured property loss figures range between ...
Insurers Begin Restricting Privacy Coverage in Response to Evolving Risk
After several years of competitive pricing and capacity expansion, cyber insurers appear to be reassessing coverage breadth.
Deaths and Illnesses Reported in Listeria Outbreak Tied to Recalled Pasta Meals
Two new deaths and seven more illnesses have been reported in an expanding outbreak of listeria food poisoning tied to recalled pasta meals sold at grocery stores including Walmart and Trader Joe's ...
AIG General Insurance Underwriting Income Up 81% in Q3
Third-quarter 2025 underwriting income in American International Group's (AIG) General Insurance segment increased 81 percent compared with last year, to $793 million. The unit—North America ...
Forrester: Cyber Insurance Will Grow by 15% in 2026
Forrester Research predicts written cyber insurance premiums will rise 15 percent in 2026 as new artificial intelligence threats and data demands emerge. In a new report, analysts at the global ...