Insurer Says it Has No Duty to Defend Kansas City Super Bowl Parade Shooting Lawsuit July 22, 2025 By Ezra Amacher Cincinnati Specialty Underwriters said in a complaint last week that it has no duty to defend or indemnify a Kansas...
Renewal Rates in Q2 Tell of ‘Slowly Softening’ Commercial Lines Market, Says Ivans July 21, 2025 Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to second quarter 2025 results of...
Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves July 17, 2025 By Chad Hemenway The Travelers Cos. increased second quarter net income $975 million for a total of about $1.5 billion, and reversed an...
United Natural Foods Projects Up to $400 Million Sales Hit After Cyber Breach July 17, 2025 Providence, Rhode Island-headquartered United Natural Foods on Wednesday flagged about $350 million to $400 million hit to its fiscal 2025...
PE Firm Warburg Pincus Acquires Majority Stake in Keystone Agency Partners July 17, 2025 Insurance broker and agency network Keystone Agency Partners (Keystone), announced that the private equity firm Warburg Pincus will acquire a...
Former Lloyd’s CEO Neal to Lead General Insurance as President at AIG July 16, 2025 By Chad Hemenway American International Group (AIG) said today that former Lloyd’s CEO John Neal is joining as president, effective December 1. Neal,...
First-Half 2025 Insured Losses From Natural Cats Hit $100B, Driven by US Events July 16, 2025 By L.S. Howard Global insured losses during the first half of this year were at least $100 billion with more than 90% of...
Central Texas Floods Highlight State’s Risky Profile, Triple-I Analysis Finds July 16, 2025 By Ezra Amacher The catastrophic floods in central Texas on July 4th occurred in an area where fewer than 3% of homeowners have...
State Farm Implements 27% Rate Increase for Illinois Homeowners July 15, 2025 By Ezra Amacher State Farm is implementing a significant rate hike for Illinois homeowners, citing more frequent severe weather events and rising home...
Heavy Rains and Flash Flooding Inundate Northeast Roads and Neighborhoods July 15, 2025 Heavy rain swept across parts of the U.S. Northeast on Monday night, inundating sections of New York and New Jersey...