Industry News
Lloyd’s Said It Will Lose $2.3B From LA Wildfires
Lloyd's this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number of companies that have paid out more than $1 billion in losses from the catastrophe. ...
Regulators Ask Gallagher for More Information on $13.4B AssuredPartners Acquisition
Arthur J. Gallagher & Co. reported that it has received a second request for information from federal officials relating to its proposed $13.45 billion acquisition of AssuredPartners, Inc. ...
Berkshire, Progressive Are 2024 Underwriting Profit Leaders; Industry Income Record
S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for 2024—and that the biggest underwriting profits contributing ...
Loss Uncertainty High Amid ‘Rapid Softening’: Liberty Mutual Exec
Using terminology that's more common among weather forecasters and catastrophe event modelers, a commercial lines insurance executive described an increasingly uncertain risk landscape uncomfortably ...
How Most Ransomware Incidents Start: Report
Most ransomware claims in 2024 started with compromised perimeter security appliances (58 percent), like virtual private networks (VPNs) or firewalls. Remote desktop products were second-most (18 ...
U.S. Commercial Lines Prices Up 5.6% With Signs of Moderation: WTW CLIPS
U.S. commercial insurance rates showed a continued upward trend with signs of moderation in the fourth quarter of 2024, according to the latest findings from WTW's Commercial Lines Insurance Pricing ...
New York Sues National General and Allstate Over Data Breaches
New York's Attorney General filed a lawsuit against National General and its parent Allstate Insurance Co. alleging they have failed to protect New Yorkers' personal information from cyber attacks. ...
‘Bleak’ Data: Insurance Co. Entry Level Hiring Expectations Hit Low Point
Insurance carriers expecting to add staff in 2025 are largely looking for experienced professionals rather than filling entry level roles, according to the latest Insurance Labor Market Study from ...