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News
Worst of BC's strata insurance crisis may be over, but coverage errors persist, broker says
4+ day, 23+ hour ago (709+ words) Strata insurance in British Columbia has shifted from a question of basic availability to one of competitive pricing, according to Danielle Russell (pictured), national director of real estate at Acera Insurance, who said the conversation in this space has fundamentally…...
Animal strikes make up most comprehensive losses in these states
5+ day, 1+ hour ago (514+ words) In Montana, 74% of all auto comprehensive losses between 2023 and 2026 were caused by animal collisions, according to a three-year analysis from Farmer Insurance. Michigan came in at 72%, Iowa at 71%, South Dakota at 70%, and North Dakota at 68%. Those figures are percentages of…...
Chubb names digital distribution chief for small commercial
5+ day, 10+ min ago (370+ words) Chubb has appointed Jennifer Burnham (pictured) as senior vice president and digital distribution and revenue officer for its North America small and lower midmarket division. Robert Poliseno, division president of Chubb North America small and lower midmarket, confirmed the appointment…...
P&C industry's best half in years hides a casualty problem
6+ day, 1+ min ago (267+ words) The US property and casualty industry nearly tripled its net underwriting income in the first half of 2026. The result reflects a market where property and casualty lines are moving in sharply different directions. Net underwriting income reached $31.2 billion in the…...
Dismissed 'Traffic Cops' star officer's sacked after riding without insurance
5+ day, 23+ hour ago (264+ words) A police officer once watched by TV audiences policing other people's driving has been sacked for the very offence he was paid to catch – and for the UK's compulsory motor insurance system, the case is a useful reminder of where…...
Non-peak perils cross US$100bn - and the reinsurance maths no longer works | Reinsurance Business
6+ day, 20+ hour ago (428+ words) In 2025, for the first time, insured losses from non-peak perils crossed US$100 billion in a single year. Munich Re put the figure at US$104 billion at the Monte Carlo Rendez-Vous. That is not just a record. It signals a permanent…...
Parametric moves beyond weather as Howden Re builds dedicated practice
1+ week, 1+ hour ago (392+ words) Insurance Business Parametric moves beyond weather as Howden Re builds dedicated practice Record allocations in a soft market signal that parametric is now a standing part of reinsurance programme design Parametric reinsurance allocations reached record levels in 2026 despite the softest…...
Calm loss year in APAC hides earnings pressure building beneath it
1+ week, 3+ hour ago (627+ words) Property catastrophe rates across Asia-Pacific fell 10% to 20% at January renewals, and combined ratios for major regional reinsurers stayed below 100% in 2025. On the surface, the APAC reinsurance market looks stable. Fitch Ratings, in its Asian Reinsurance Monitor, argues the surface is…...
Unum prevails over worker's challenge to benefits cutoff
1+ week, 4+ day ago (304+ words) A federal appeals court backed Unum's move to cut off a worker's long-term disability benefits, agreeing he could still do sedentary work. The US Court of Appeals for the Eighth Circuit affirmed the ruling on August 28, 2026, ending a sheet metal…...
GEICO alleges $1.2 million No-Fault DME fraud scheme in RICO suit
1+ week, 4+ day ago (307+ words) GEICO says two medical-equipment suppliers billed it more than $1.2 million in fraudulent No-Fault claims for equipment patients never needed. The auto insurer filed a federal complaint on September 1, 2026, in the US District Court for the Eastern District of New York....