INSURANCE NEWS

Consumer Acceptance of Telematics Widens, Says Survey

Consumer acceptance of telematics technology in auto insurance is growing, creating opportunity for insurers who can cater to tech-driven drivers who crave personalized pricing and service. Today, 82% of policyholders view telematics apps positively, according to a recent survey by …
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2025 Was World’s Third-Warmest Year on Record: EU Scientists

The planet experienced its third-warmest year on record in 2025, and average temperatures have exceeded 1.5 degrees Celsius of global warming over three years, the longest period since records began, EU scientists said on Wednesday. The data from the European …
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Sedgwick Launches Global Specialty Platform in London

Sedgwick, the Memphis, Tennessee-based risk and claims administration provider, announced the launch of its Sedgwick Global Specialty platform in London, a dedicated solution designed to handle the largest and most complex losses. The platform represents a major investment to drive …
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Drones Hit Two Tankers in Black Sea, Driving Up War Insurance Costs

Drones struck two oil tankers in the Black Sea on Tuesday, including one chartered by U.S. oil major Chevron, the companies involved said, as they sailed toward a terminal on the Russian coast. Both were en route to the Yuzhnaya …
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UK Actuaries Sound Alarm on Loss Models Downplaying Climate Risk

The finance industry is relying on climate models that understate the speed at which temperatures are rising, according to a fresh study by Britain’s main association of actuaries. The Institute and Faculty of Actuaries, which conducted its study together with …
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Warburg Mulls $1 Billion Sale of London Insurance Broker McGill

Warburg Pincus is considering a possible sale of UK insurance broker McGill and Partners, according to people familiar with the matter. The private equity firm has held early talks with potential advisers to explore options for London-based McGill, the people …
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Markets/Coverages: Aon Expands Data Center Lifecycle Insurance Program to $2.5B

Aon said it has expanded the capacity available in it Data Center Lifecycle Insurance Program from $1 billion to $2.5 billion. The expansion responds to accelerating global investment in cloud computing, artificial intelligence and digital infrastructure and increasing complexity of …
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India Digital Insurer Acko Said to Seek Banks for $350 Million India IPO

Indian digital insurer Acko Technology & Services Pvt. has invited pitches from investment banks for a potential initial public offering to raise as much as $350 million, according to people familiar with the matter. The IPO, which may include a …
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EPA Aims to Speed Permitting for Energy, AI Infrastructure With Rule Change

The Trump administration on Tuesday proposed a rule revising Biden-era pollution protections for waterways, a move the Environmental Protection Agency said would speed permitting of energy and artificial intelligence infrastructure. The proposed rule concerns the 2023 finalization by the administration …
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Fleets Must Stay on Top of Changes in Risk Location, Volume, and Driving Behavior to Reduce Crashes

While severe collisions declined last year, many factors influence commercial driving behavior. Though seasonal changes and distractions are expected, geopolitical factors add to less predictable freight patterns, shifting driving hazards inland. Utilizing commercial drivers’ dashcam data in the U.S., Mexico, …
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Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates

Two independent claims adjusters in the Southeast have teamed up to create what they say is a quick, low-cost way for property owners to double-check insurance carriers’ damage estimates on claims. They’re calling it “CarFax for property insurance claims,” referring …
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Viewpoint: What The Return of California’s ‘Death Discount’ Means for Litigation

In California, historically, when a plaintiff filed a personal injury action relating to their own injuries and then died mid-litigation and the case was converted to a wrongful death action, the value of the case was viewed as substantially diminished. …
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