Industry News
European Homeowners Battle Insurers Over $2.9 Trillion Climate Risk
When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, a spiderweb of ...
NYC Council Passes Bill to Lower Insurance Limits for For-Hire Vehicles
With urging from a coalition of for-hire vehicle drivers and companies including Uber, the New York City Council voted to lower a for-hire vehicles' insurance requirement in hopes of lowering ...
CDI Announces Investigation of State Farm Wildfire Claims Handling
California Insurance Commissioner Ricardo Lara on Thursday announced a formal investigation into State Farm's handling of thousands of insurance claims from wildfire survivors affected by the ...
Mercury Insurance’s Climate Science Team Aims to Say ‘Yes’ to High-Risk Areas
Mercury Insurance, headquartered in Los Angeles, Calif., appointed Steve Bennett as its senior director of climate and catastrophe science. In this new position, Bennett will build and lead a team ...
Ategrity Specialty Seeks $113.3M in IPO
Ategrity Specialty Insurance Company Holdings announced today the pricing of its expected initial public offering of 6,666,667 shares of common stock at a public offering price of $17.00 per share. ...
Samsung Fire & Marine Insurance Increases Stake in Lloyd’s Insurer Canopius
Canopius Group, the London-based specialty and property/casualty insurer and reinsurer, announced that Samsung Fire & Marine Insurance (SFMI) has entered into an agreement to purchase an ...
U.S. Commercial Lines Prices Up 5.3%, But Still on Downward Trend: WTW CLIPS
U.S. commercial insurance rates went up again in the first quarter 2025, according to the latest findings from WTW's Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate ...
Hyundai, Kia, Toyota, Nissan Models Win 2025 IIHS Vehicle Safety Awards
The Insurance Institute for Highway Safety's latest round of vehicle safety award winners include six vehicle models from four foreign automakers earning 2025 TOP SAFETY PICK+ awards in the latest ...