AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B October 27, 2025 By Chad Hemenway American International Group today said it has a definite agreement to acquire the renewal rights of Everest Group’s retail commercial...
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M October 27, 2025 By Chad Hemenway Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week...
Growth Momentum Continues for Program Business: TMPAA October 24, 2025 The program business sector is growing at a rate that outpaces the broader commercial insurance market. Between 2010 and 2020,...
Global Commercial Insurance Rates Drop 4% in Q3, for 5th Quarterly Decline: Marsh October 23, 2025 Global commercial insurance rates fell, on average, by 4% in the third quarter of 2025, repeating the 4% decline recorded...
Viewpoint: Insurance and AI – A Double-Edged Sword October 23, 2025 By Jerry Theodorou Artificial intelligence (AI) is revolutionizing the insurance business. Insurers recognize and are already taking advantage of the manifold ways in...
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry October 22, 2025 By Chad Hemenway The recent 15-hour or so outage at Amazon Web Services (AWS) again raised questions about the potential for systemic loss...
State Officials Say New Rules, Delays for FEMA Grants Put Disaster Response at Risk October 21, 2025 By Gabriela Aoun Angueira State officials on the front lines of preparing for natural disasters and responding to emergencies say severe cuts to federal...
New Hampshire Youth Centers Seeking Coverage for Child Abuse Claims Sue Insurer October 21, 2025 By Andrew G. Simpson Two New Hampshire nonprofits that ran youth facilities for the state are suing their insurer seeking defense and indemnity coverage...
North Carolina Supreme Court Lets Stand Greg Lindberg’s Civil Fraud Liability October 21, 2025 By William Rabb The North Carolina Supreme Court has decided that it will not, after all, review another legal filing by convicted insurance...
Progressive Records $2.6B in Q3 Income After Refunds for Excess Profits in Florida October 20, 2025 By Susanne Sclafane Progressive posted $2.6 billion in third-quarter net income last week in spite of taking a nearly $1 billion charge to...