Industry News
Bermuda Absorbed $10B of California’s Wildfire Losses
According to data collected by the Bermuda Monetary Authority, Bermuda's insurers and reinsurers expect to pay nearly $10 billion in gross claims to U.S. policyholders and cedents for claims from the ...
Commercial Property Customers Cutting Insurance Corners Despite Risk
As weather-driven catastrophes become more common and severe, commercial property owners and the agents who serve them are reassessing risks and coverage to get more build for their buck. The new ...
9 of 10 Insurance Professionals Acknowledge Stress, Anxiety: Research
New research suggests the state of mental health within the insurance industry is dire. Widespread stress and anxiety were reported in survey conducted by AXIS Capital Holdings Limited in partnership ...
Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
Extreme weather is an increasingly expensive problem in the U.S. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won't be ...
Zurich Insurance P/C Revenue Rises in 1st Quarter; Targets Affirmed
Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite ...
Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025
Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of ...
Liberty Mutual Q1 Net Income Down 33%
Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago. Catastrophe losses for the first three ...
Ransomware Claims Stabilized in 2024, Though Still the Costliest Cyberattack
The majority of cyber insurance claims in 2024 were the result of business mail compromise or funds transfer fraud, according to digital risk insurance provider Coalition. The San Francisco-based ...