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California Bill to Let Insurers to Use Driver Telematics Mulled by Legislature
Jul 9 2026 // A California bill to enable carriers to offer auto insurance discounts for good driving behavior is making its way through state Legislature. Assembly Bill 311 would amend the state’s bedrock insurance law,...
Some War Insurers Advise Shipowners to Pause Hormuz Voyages After Attacks: Sources
Jul 8 2026 // Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the...
Sompo to Acquire Service Insurance Companies to Expand US Workers Comp
Jul 7 2026 // Sompo International Holdings Ltd. said it has a definitive agreement to acquire Service Insurance Companies, a monoline workers’ compensation insurance company. Terms of the transaction were not...
Allstate’s SquareTrade Europe Launches Licensed Insurer Headquartered in Brussels
Jul 6 2026 // SquareTrade Europe, an Allstate company, has launched a new licensed insurer, SquareTrade Europe Insurance, headquartered in Brussels. SquareTrade said the move will strengthen its ability to design, launch and scale...
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts
Jul 6 2026 // The insurers of the Nord Stream pipelines don’t have to pay €580 million ($662 million) after a judge ruled that the sabotage of the pipes bringing Russian gas into Europe was the consequence of the war in...
Agent-Carrier Relationships Improving, Survey Shows
Jul 6 2026 // Maybe it’s the result of a softer market. Or maybe deliberate carrier investments in agency relationships are paying off. First Connect Chief Executive Officer Aviad Pinkovezky tossed out the two possibilities to...
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