INSURANCE NEWS

Big North European Investors Reassess US Exposure as Geopolitical Risk Mounts

Big Northern European investors are increasingly wary of the risks of holding U.S. assets in the face of geopolitical tensions, pensions chiefs told Reuters, a sign of a broadening shift away from the world’s biggest financial market. A top investment …
Read More

Commercial Lines Market Overall Remains Firm, Says Ivans

Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to fourth quarter 2025 results of the Ivans Index. “The commercial insurance market remains firm overall, though renewal trends suggest it is gradually moving off the …
Read More

AI Data Center Boom Risks Roiling Global Carmaker Supply Chains

The auto sector is bracing for yet another potential supply chain disturbance, this time spurred by the rush to build data centers that train and develop artificial intelligence models. A shortage of memory chips caused by the data center boom …
Read More

20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut

Days after announcing a deal to equip 10,000 engineers and data scientists at Travelers with AI assistants, the insurance company’s leader detailed “differentiating domain expertise” around data and technology, which fuel long-term profit growth for the insurer. Travelers Chief Executive …
Read More

Security First Latest Florida Insurer to Roll Back HO3 Rates

Hot on the heels of a significant rate cut in December, Florida’s Security First Insurance has announced another average decrease for one of its homeowners products. The use-and-file decrease will average about 5.2% for the carrier’s Signature+ HO3 policies, a …
Read More

Washington Bill Granting Restitution to Insurance Consumers Passes State Senate

A bill to provide restitution to policyholders harmed by their insurer or agent passed the Washington Senate on Wednesday on a 29 to 20 vote. The bill, sponsored by Insurance Commissioner Patty Kuderer and sponsored by Senator Adrian Cortes (D–Battle …
Read More

Texas Officials Say State is Ready for Winter Storm

Nearly five years after Winter Storm Uri sparked widespread power outages and killed hundreds of Texans, officials and residents are once more girding for a round of severe winter weather that will blanket large parts of the state. Dangerously cold …
Read More

Kentucky DOI Warns Agents to Be Careful Giving Investment Advice

The Kentucky Department of Insurance is reminding insurance agents to be careful when advising clients on securities transactions. State law requires that investment advisors be registered with the state. And when an insurance agent advises a consumer to “sell, surrender, …
Read More

People Moves: Cottingham & Butler Names Hessling President; Blessing Named Office President of CRC Group Kansas City Operation

Cottingham & Butler Names Hessling President Cottingham & Butler, headquartered in Dubuque, Iowa, named Mike Hessling as president. Hessling joins Cottingham & Butler from Gallagher Bassett, where he served as CEO of North America. As president, Hessling develops and executes …
Read More

Pennsylvania Blocked $227.9 Million in P/C Insurance Hikes in 2025, Says Regulator

The Pennsylvania Insurance Department (PID) said it saved residents $227.9 million by blocking proposed property/casualty insurance premium increases from taking effect in 2025. Through the rate review process in 2025, PID reported that its review of rate filings saved consumers …
Read More

Markets/Coverages: AXA XL Launches Alternative Risk Solutions; Bouteille to Lead

AXA XL has launched a dedicated Alternative Risk Solutions (ARS) team, appointing Sylvain Bouteillé, current chief underwriting officer, specialty as its leader. The new team centralizes AXA XL’s alternative risk expertise to enhance its ability to quickly deliver innovative and …
Read More

Ga. Farm Bureau Promotes Willis, LIRG Names Roche Marketing Chief

Georgia Farm Bureau announced that Gary Willis, who recently served as executive director of insurance operations, is the general manager for the bureau’s insurance corporation. Willis takes over for George Monk, who retired Jan. 2, GFB said in news release. …
Read More