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Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner
Sep 8 2026 // The wildfires that plagued Washington for nearly half the summer put new Insurance Commissioner Patty Kuderer and her office to a test. Kuderer has been in office for over a year-and-a-half. However, she’s relatively...
Lloyd’s Reports Improved Combined Ratio on H1 Underwriting Profit of £1.9B
Sep 3 2026 // Lloyd’s of London reported an improved first-half combined ratio of 90.8%, (H1 2025: 92.5%), which drove an underwriting profit of £1.9 billion (US$2.6 billion), compared with £1.5 billion (US$2.0 billion) in H1...
Global Insured Catastrophe Losses Expected to Average $171 Billion Annually: Verisk
Sep 1 2026 // The insurance industry should be prepared to withstand $171 billion in insured catastrophe losses, on average in a given year, up $19 billion from a year ago, according to Verisk. In its highest annual estimate reported to...
Update: Iran, Oman Agree to Share Strait of Hormuz Revenue
Aug 26 2026 // Iran’s military said it reached a revenue-sharing agreement with Oman on the Strait of Hormuz, as Tehran and Washington’s standoff over control of the crucial waterway continues. “Agreements have been...
Why 400+ Loss Run Formats and 5 Years in Production Make Insurance AI Actually Work
Aug 24 2026 // A new AI platform for insurance seems to launch every other week. Most of them are young companies. They spotted an opportunity in insurance, hired a team, and started building. A year or two later, they have a product. It...
People Moves: MEMIC Group Adds 2 to Loss Control Team
Aug 20 2026 // Megan Vernon The MEMIC Group, headquartered in Portland, Maine, added Megan Vernon and Nikko Severson to its loss control team. Vernon rejoins MEMIC as a loss control consultant serving Maine policyholders and brings six...
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